Is a security breach of a defunct Mt. Gox crypto wallet responsible for the movement of $720m Bitcoin?

Colleagues, a Mt Gox wallet worth some $720 is the prime suspect in the movement of up to $720 Bitcoin since the Japanese exchange went out of business in 2014. To date some $100m has been transferred from this anonymous wallet to the Binance and Bitfinex exchanges. While some experts believe this infamous wallet is linked to the Dark Web’s Silk Road portal, most evidence points to the defunct Mt Gox exchange. Two fundamental questions arise. First, who (or whom) controls this wallet? Second, what is their motive? Numerous theories are floating across the global cryptosphere. Nonetheless, given the fact that Mt Gox was founded in 2010 – the very early days of cryptocurrencies – there is a high likelihood that the funds contained on this wallet were (and perhaps still are) being used for drug trafficking, payment for contraband and/or to evade trans-border trade sanctions. Our goal is to present facts not idle speculation; however, we are confident that the movement of these funds is due to some form of cybercrime. As such, we will add this topic to our crypto-cyber “watch list”. Share your assessment while visiting us today! Lawrence – Cyber Security Defender (https://cybersecuritydefender.blogspot.com/)