Mt. Gox’s suspected Bitgo $2.1B BTC wallet activates
A test transaction from a dormant Mt. Gox wallet triggers speculation of Bitgo’s role in the ongoing Bitcoin distribution to creditors.
A wallet that received $2.19 billion in Bitcoin from the defunct exchange Mt. Gox initiated a test transaction at 10:57 UTC.
According to an Arkham Intelligence X post, the wallet (bc1q26) is suspected to be Bitgo, the fifth and final exchange set to distribute funds to Mt. Gox creditors.
The wallet currently holds 33,105 Bitcoin (BTC) worth $1.96 billion after the recent market sentiment shift.
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Author: Josh O'Sullivan
