A cold wallet belonging to the infamous Bitcoin (BTC) exchange Mt. Gox transferred 6,800 BTC to an unknown wallet just days after former CEO Mark Karpeles revealed plans to redistribute $6 billion worth of BTC to its creditors.
Mt. Gox was a Tokyo-based Bitcoin exchange that closed in February 2014 after an attack that compromised 850,000 BTC. In a recent interviewKarpeles revealed that the exchange had approximately 200,000 BTC in possession during the company's closure, of which the trustee sold approximately 50,000 BTC for $600 million in the past.
According to Karpeles, the remaining 150,000 BTC currently held by Mt. Gox have increased in value over the years, and are worth over $6 billion. Following this revelation, the former CEO confirmed plans to redistribute the money and settle accounts with creditors.
6,800 #BTC (318,980,017 USD) transferred from #MtGox Cold wallet to unknown wallethttps://t.co/sYczH1c8ho
โ Whale alert (@whale_alert) April 1, 2022
Five days after Karpeles' interview, Crypto Twitter's @whale-alert highlighted that 6,800 BTC, worth nearly $319 million, was transferred to an unknown wallet from a cold wallet belonging to the now-defunct Mt. Gox exchange.
Despite not being operational for over 8 years, the Mt. Gox team has previously shared a rehabilitation plan to compensate creditors. However, the transfer of 6,800 BTC signals a possible start of the plan.
Related: Rare Bears Discord Phishing Attack Nets $800K in NFT
While crypto companies continue to adopt various security measures to defend against attacks, bad actors have kept up with the change to lure in unsuspecting investors.
Warning @BearsRare
Unfortunately, Discord has been compromised. DO NOT click on any links, connect your wallet and block all incoming DMs on our discord. Our team is working on the situation as we speak.โ Rare Bears (@BearsRare) March 17, 2022
On March 18, the recently launched non-fungible token (NFT) project Rare Bears confirmed a successful phishing attack, resulting in a loss of nearly $800,000 worth of NFTs.
As Cointelegraph reported, the hacker was able to compromise a moderator's account on Discord and posted phishing links that ultimately depleted users' wallets. The Rare Bears team was finally able to remove the compromised account and protect the server from further attacks.
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