Mt. Gox hacker-linked wallet quietly offloads 2,300 Bitcoin

Source: CryptoBriefing Original Title: Mt. Gox hacker-linked wallet quietly offloads 2,300 Bitcoin Original Link: https://cryptobriefing.com/mt-gox-hacker-wallets-sell-2300-bitcoin/

Key Takeaways

• Bitcoin linked to Mt. Gox hacker Aleksey Bilyuchenko continues to move through unknown exchanges.
• It remains uncertain who has control over the funds.

A wallet linked to Aleksey Bilyuchenko, accused by the US Department of Justice of hacking the Mt. Gox crypto exchange, quietly offloaded around 2,300 Bitcoin in over a month, according to Arkham Intelligence analyst Emmett Gallic.

The entity related to Aleksey Bilyuchenko has deposited another 1.3K BTC ($114M) to unknown exchanges in the past 7 days. They still hold 4.1K BTC ($360M) and have sold a total of 2.3K BTC.

In the past week, the entity behind the wallet deposited 1,300 Bitcoin worth approximately $114 million to unknown exchanges. They still hold 4,100 BTC, valued at $360 million.

The current controller of the funds is unknown. According to Gallic, Bilyuchenko, a former operator of the now-defunct BTC-e platform, was detained in Russia, and many of his assets were seized by Moscow courts, leaving open the possibility that another party may have executed recent transactions.

The use of unidentified exchanges and the measured pace of transfers suggest controlled, ongoing liquidation rather than a single, abrupt sale.