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

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Tue, 01/05/2021 - 14:09

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

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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.

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.

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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.

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About the author

Yuri Molchan

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.