Hacker keeps $ 785 million in bitcoin wallet

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In the bitcoin wallet associated with the hacking of the Mt.Gox cryptocurrency exchange, after 9 years, about 80,000 units are stored. This was reported by a Reddit user known as “jwinterm”.

In February 2020, the wallet contained 79,957.20 bitcoins or $ 787,338,842. It was first replenished in March 2011 with 79,956 BTC. And around the same time, on March 1, 2011, the Mt.Gox cryptocurrency exchange experienced its first big hack during the existence of bitcoin.

Interestingly, the address associated with the hack is still receiving bitcoin transfers. Although the amounts are a few cents, more than 1.2 bitcoins have come there since 2011.

Hibernating giants

80,000 bitcoins are not yet used, but it is quite possible that the owner can get rid of them using decentralized cryptocurrency exchanges. And for this, in order to cover their tracks, the owner can convert to Monero.

This wallet was ranked 8th in the top ten Bitcoin wallets. In general, dead bitcoin wallets store considerable amounts. For example, the leader of the list – the Huobi cryptocurrency exchange wallet contains 255.502 bitcoins or $ 2.5 billion, which is 1.4% of the total bitcoin turnover.

Who is Mr. Jed McCaleb

Jed McCaleb, the creator of the Mt.Gox crypto exchange, which suffered from a major hack, then created another company, Ripple Labs, Inc. There he worked until 2013 as a technical director, then moved to the same position in another cryptocurrency project Stellar.

Today McCaleb does not recall the Mt.Gox hack. Jed’s Twitter page, registered in 2015, does not contain any mention of the affected cryptocurrency platform, as well as its owner.

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