Mt. Gox wallet transfers 6,800 BTC as ex-CEO plans to redistribute $6B

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It's alive! Mt. Gox just transferred 6,800 BTC to an unknown wallet days after former CEO MagicalTux shared plans to compensate creditors.

Five days after Karpeles’ interview, Crypto Twitter’s @whale-alert highlighted that 6,800 BTC, worth nearly $319 million, were transferred to an unknown wallet from a cold wallet belonging to the now-defunct Mt. Gox exchange.Despite being non-operational for over 8 years, the Mt. Gox team has previously shared aWhile crypto businesses continue to adopt various security measures to fend off attacks, bad actors have kept up with the change to lure in unwary investors.

As Cointelegraph reported, the hacker was able to compromise a moderator’s account on Discord and posted phishing links that ultimately drained user wallets. The Rare Bears team was eventually able to remove the compromised account and secure the server from further attacks.

 

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