Crystal Intelligence reposted this
Can two tiny Bitcoin transactions amounting to a mere $10 be responsible for the recent crypto dip? Yes, if the address sending those funds belongs to the defunct Mt. Gox Exchange! Mt. Gox was a Bitcoin exchange based in Tokyo. Launched in 2010, it was handling over 70% of all Bitcoin buys and sells by early 2014 when it abruptly ceased operations due to the theft of most of its funds, totaling between 650,000 and 850,000 Bitcoin. Part of the stolen funds went through the infamous exchange BTC-e.com, allegedly created by the same people who committed the Mt. Gox hack, but this is material for another story. Mt. Gox later managed to locate 200,000 Bitcoins in a ‘forgotten’ wallet. This forgotten wallet is what now allows former customers to receive a portion of their deposits back. After a long bankruptcy process lasting many years, it seems that Mt. Gox trustee Nobuaki Kobayashi is ready to send the long-awaited Bitcoin to selected crypto exchanges for final repayment to victims. We have recently noticed those two tiny transactions sent to addresses connected to two different VASPs, which appear to be test transactions before the final settlement, as visualized below. Crystal Intelligence is monitoring the situation.
