Bitcoin Address Connected to MtGox Hack Still Has Over 79,000 BTC Unmoved

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Thu, 02/06/2020 - 11:23
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  • A Reddit user shares some data, assuming that an address associated with the MtGox hack still holds around 79,000 BTC – the funds have remained unmoved since 2011

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Redditor jwinterm has recently published a post which says that a Bitcoin wallet associated with the MtGox hack has been holding almost 80,000 Bitcoins since 2011.

The money has remained unmoved since then and there are records of more transactions (small ones) to that address that have been made up to 2020.

How many Lambos this can get you

Referring to the link to the wallet, the Redditor states that a single transfer of 79,956 BTC was made to this address on March 1, 2011. After that, the website shows, many small portions of Bitcoin were sent to it.

By now, the address holds a total of 79,957.20 BTC – that’s $770,507,343.78. One of the subjects the discussion in the comment thread is focused on is the amount of Lambos that can be bought with this gargantuan amount of money – 3,000 (with the price of one Lamborghini being $250,000).

Reddit BTC 1
Image via bitinfocharts.com
Lambos
Image via Reddit

BTC sent as a sign of appreciation?

The Redditor then goes on to speculate that all the other transactions made to this wallet were made by random people as ‘a sign of appreciation or respect or worship or whatever’.

The amount of BTC sent to this address later on was tiny compared to the first transaction. If on March 1, 2011 it received 79956.00000000 BTC, then by now the total balance of the wallet is 79957.20153741 BTC.

Reddit BTC 2
Image via bitinfocharts.com

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The MtGox hack

Mt. Gox was a BTC exchange based in Japan that started operating in summer 2010. In about four years, it was dealing with around 70 percent of all Bitcoin transfers globally and the biggest Bitcoin exchange on the planet.

In February 2014, the platform suspended its trading operations and shut down its website. The company made an announcement that approx. 850,000 BTC that was held there for the customers had gone missing and the keys possibly lost.

The preparation for liquidation began in 2014.

About the author

Yuri is a 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bybit Crypto Derivatives Exchange Launches USDT Airdrop Program

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Thu, 04/09/2020 - 11:00
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  • Active contract traders can claim up to 1,000 USDT as a reward for using the Bybit platform. Both old hands and newbies are invited to participate

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The U.S. Dollar Tether remains the most demanded USD-pegged stablecoin as it uses three top blockchains (Omni, Ethereum and Tron) at the same time. So, it is USDT that has been chosen for an airdrop distribution between active ByBit platform traders.

Anyone can apply for a reward

Singapore-based derivatives exchange Bybit announced a series of USDT airdrops for its active users.  The ‘Early birds’ stage of pre-registration has been open since April 9th, 2020. Two airdrop programs are designed for both experienced and newbie traders.

Bybit users whose wallet balance is equal to or exceeds 0.5 Bitcoins (BTC) at 10:00 AM (UTC) on April 13th, 2020 will receive up to 50 USDT in bonuses and those with a wallet balance equal to or exceeding 50 USDT at 10:00 (UTC) on April 16th, 2020 will receive up to 60 USDT in native platform coupons. Then, active traders can receive up to 1,000 USDT, depending on their trading volume and total amount of USDT deposits. Also, ‘Early birds’ enjoy an extra 20% bonus.

According to Bybit CEO Ben Zhou,

The launch of USDT perpetual contracts on Bybit is a cause for celebration, and this airdrop will incentivize traders to hold the most liquid and trusted stablecoin on the market.

Call for feedback

The Most Valuable Feedbackers program is another opportunity for airdrop participants. USDT perpetual contract traders who provide valuable feedback to Bybit will be eligible for an additional 500 USDT bonus as well as a unique commemorative coin.

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As previously reported by U.Today, Bybit recently launched USDT-settled perpetual contracts to protect its traders from enormous market volatility.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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