Mt. Gox Move Bitcoin Worth IDR 2.7 Trillion To Another Wallet

JAKARTA - The bankrupt crypto exchange, Mt. Gox, caused a stir by the public because it moved around $172.5 million in Bitcoin into an unknown wallet. This happened less than one day after the price of Bitcoin reached a new record, almost breaking the figure of US$108,000 (Rp1.7 billion) per coin.

Based on data from Arkham Intelligence, on December 17, 2024, Mt. Gox moved 1,619.6 BTC to two unidentified addresses. The shipment of these coins was made in two transfers of 1,427.9 BTC and 191.7 BTC, respectively.

Part of the 1,427.9 BTC transfer flowed to the wallet with the initials 1DeY, after first going through another wallet containing about 108 BTC. Meanwhile, 108 BTC and 191.7 BTC were separated, through several other wallets before finally collecting in a wallet that started with 1KLr, which now stores around 300 BTC.

Although this movement is quite suspicious, unfortunately until now there is no clear information about the reasons behind the Bitcoin transfer. Mt. Gox, which went bankrupt in 2014, had previously moved their Bitcoins to pay creditors several times.

On December 5, 2024, they also moved more than 24,000 BTC worth nearly 2.5 billion US dollars (Rp40 trillion) to an unknown address, just 12 minutes after the price of Bitcoin first crossed the US$100,000 mark (Rp1.6 billion).

Currently, according to Arkham Intelligent data, Mt. Gox still holds about 36,085 BTC worth 3.86 billion US dollars (Rp61.7 trillion) spread across some of the wallets they control. Creditors and Mt users. Gox, who have not received payment, still has the option to accept Bitcoin as a substitute for their claims.

Despite Mt's move. This Gox is usually considered a bad sign for the price of Bitcoin, the latest movement doesn't seem to have much impact. Bitcoin prices remained stable at around 106,500 US dollars (Rp1.7 billion), having hit a new high of 107,857 US dollars (Rp1.7 billion) on December 17, 2024.