Onchain data reveals that a Bitcoin whale address, which remained dormant since December 19, 2013, recently transferred 2,071.5 BTC, worth approximately $60 million.
This address is connected to two wallets that sent 10,000 BTC last summer after nine years of inactivity and is associated with the now-defunct Mt Gox exchange. Taisia, a blockchain researcher, identified the funds as linked to the “1McUC” address.
The “1McU” address is related to the now-defunct crypto exchange Mt Gox and could be connected to the exchange hack that occurred on June 19, 2011. Blockchain researcher Taisia noted that its origin is the most intriguing aspect of the 2,071.5 BTC movement.
At 4:45 p.m. (UTC) on April 19, 2023, the previously inactive wallet since 2013 moved 2,071.5 BTC, which was valued at around $1.36 million when it first arrived at the “1JdTW” address and had grown to $60 million by the time of transfer.
Taisia, along with BTC parsers like Btcparser.com, tracked the movement. Taisia’s analysis revealed that two previously identified wallet groups led to the same “1McU” address. The analyst suggested that the wallet may have belonged to Jed McCaleb, Mt Gox’s original owner, and Ripple’s creator.
The 2,071.5 BTC move caught the attention of many people, including OXT researcher Ergo BTC, who also linked the transaction to the “1McUC” address. Ergo stated that the transfer was a Kraken deposit and that 4K BTC remained in the wallet sequence.
Using heuristics and onchain clustering tools, Coinfea confirmed the funds’ association with the “1McUC” address and the Mt Gox saga.