Main navigation

Binance Wires $14,322,678 in Bitcoin to Mt. Gox Wallet

News
Tue, 01/05/2021 - 14:09
article image
Yuri Molchan
Whale Alert has reported that someone has sent over $14 million in Bitcoin from Binance to a Mt. Gox wallet
 Binance Wires $14,322,678 in Bitcoin to Mt. Gox Wallet
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Whale Alert crypto tracker has detected a transaction carrying $14,322,678 worth of Bitcoin (450 BTC) from a Binance address to a Mt. Gox wallet.

BTC
Image via Twitter

Mt. Gox was one of the earliest Bitcoin exchanges, based in Japan, that handled 70 percent of BTC trading back in 2013-2014. It was created by Mark Karpeles.

Related
Financial Institutions Don't Look at Price When They Enter Bitcoin, BlockStream CSO Says, Here's Why

Mt. Gox was shut down after several hacker attacks due to a poor security system. Karpeles was taken to court by the traders for allegedly wiring $3 million of their funds to his own bank account and investing that money in startups.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.