Mt. Gox was the biggest Bitcoin exchange platform around the globe and was known to have been handling over 70% of the Bitcoin transactions in the world. But the exchange platform had to declare bankruptcy in the year of 2014 after they lost 7% of Bitcoin worth up to $474 million.
Last month Mt.Gox had moved 16000 BTC from their cold storage. The Mt. Gox’s account had moved 2000 BTC eight times to several accounts and just a few hours ago, it happened again.
This time almost 8214 BTC has been moved from the cold storage account to an unidentified wallet. The wallet is not one of the Mt. Gox cold storage wallet. The Bitcoin tokens were moved to the same wallet in different proportions. The BTC was transferred in four chunks with 2000 BTC being transferred three times and 2,214 BTC once. The dump in the market took place right after the transfer of the Bitcoin.
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