Suspected Mt. Gox Hacktivist Transfers 1,300 BTC to Unknown Address in Latest Movement

CascadingDipBuyer · 2026-01-05T13:50:20+00:00

Suspicious activity flagged by Arkham involves Aleksey Bilyuchenko, linked to the Mt. Gox breach, with 1,300 BTC recently moved to an unknown exchange. The remaining 4,100 BTC could impact the market if liquidated, raising concerns among participants.

CascadingDipBuyer

2026-01-05 13:50:20

Abstract generation in progress

A blockchain analyst at Arkham has flagged suspicious activity linked to Aleksey Bilyuchenko, the individual associated with the Mt. Gox security breach. Over the past week, approximately 1,300 BTC have been moved from tracked addresses to an unknown exchange wallet, representing roughly $114 million in transaction value.

According to the on-chain data, the remaining balance held across related addresses totals 4,100 BTC, equivalent to approximately $360 million at current Bitcoin valuations. This latest transfer marks the continuation of a longer liquidation pattern, with 2,300 BTC having been moved from the suspected hacktivist’s holdings to date.

What This Means for the Market

The repeated BTC movements raise questions about potential market impact, given the substantial size of remaining holdings. Whether these transfers represent gradual liquidation or strategic repositioning remains unclear, though the pattern suggests ongoing activity rather than dormant accounts.

Current Bitcoin price stands at $92.73K, providing context for the approximate valuations of these significant holdings. Market participants continue to monitor linked addresses closely, as any large-scale liquidation activity could influence broader market sentiment.

BTC-0,61%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.