Mt. Gox Hacker Moves $114M in Bitcoin, Triggering Sell-Off Concerns

Edgen Crypto·Dec 24 2025, 10:18

Share to

Share to

Copy link

Key Takeaways

An entity linked by the U.S. Department of Justice to the Mt. Gox hack has moved a substantial amount of Bitcoin to an exchange, signaling a potential liquidation that could impact the market. This move has put traders on alert for increased selling pressure.

A wallet associated with the Mt. Gox hacker transferred 1,300 BTC, valued at approximately $114 million, to an exchange over the past week.
The movement was identified by blockchain intelligence firm Arkham, which continues to monitor the hacker's wallets.
A significant balance of 4,100 BTC remains in the associated wallets, representing a potential overhang and further sell-side risk for Bitcoin.

Hacker Wallet Deposits 1,300 BTC Worth $114M to Exchange

Over the past seven days, a wallet identified by the U.S. Department of Justice as being linked to Mt. Gox hacker Aleksey Bilyuchenko deposited 1,300 BTC to an unknown exchange. This transfer, valued at approximately $114 million, was monitored and reported by Arkham analyst Emmett Gallic. The movement of such a large volume of coins from long-term storage to a trading venue is a classic indicator of intent to sell, raising immediate concerns about a supply influx on the open market.

Remaining 4,100 BTC Poses Further Sell-Side Risk

The hacker's associated wallets still hold a significant balance of 4,100 BTC, creating a substantial overhang for the Bitcoin market. This remaining cache represents a continued threat of future sales. The transfer of illicitly obtained funds, especially those connected to the notorious Mt. Gox collapse, injects fear and uncertainty into the market. Traders are now closely watching for any subsequent transactions, as a full liquidation could introduce significant selling pressure and increase price volatility.