BitGo moves $2 billion of Gox Bitcoin
On-chain analytics platform Arkham Intelligence sounded the alarm on Tuesday that $2 billion worth of bitcoins had been stolen from Mt. Gox when moving from a blockchain address linked to crypto exchange BitGo.
According to Arkham, the wallet, which received $2.19 billion from the long-defunct bitcoin exchange, began running test transactions on Tuesday. The company is likely to own the wallet Bitgo – the fifth and final exchange for Mt. Gox lenders handling distributions. The official $2 billion transaction took place on Tuesday at 14:40 UTC, which is a total of 33,140 BTC. Four other exchanges, including Bitbank, Bitstamp, Kraken and SBI VC Trade, have already started refunding Matt Gox customers. Unusually, shortly after the news of the transfer, the price of Bitcoin rose above $60,300. MT Gox-related fears prompted panic selling among market participants earlier this year on fears that returning customers could lead to more selling pressure. According to Arkham data, Mit Gox still has 46,164 BTC ($2.79 billion) left in his wallet, down from 141,000 BTC he started with.
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