{"id":880366,"date":"2025-12-25T00:11:54","date_gmt":"2025-12-25T06:11:54","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/12\/25\/mt-gox-hacker-dumps-114m-in-bitcoin-as-selloff-intensifies\/"},"modified":"2025-12-25T00:11:54","modified_gmt":"2025-12-25T06:11:54","slug":"mt-gox-hacker-dumps-114m-in-bitcoin-as-selloff-intensifies","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/12\/25\/mt-gox-hacker-dumps-114m-in-bitcoin-as-selloff-intensifies\/","title":{"rendered":"Mt. Gox Hacker Dumps $114M in Bitcoin as Selloff Intensifies"},"content":{"rendered":"
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Crypto Journalist<\/p>\n

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Anas Hassan<\/p>\n

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Crypto Journalist<\/p>\n

Anas Hassan<\/span>\"Verified\"<\/span>\n <\/p>\n<\/p><\/div>\n

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Part of the Team Since<\/p>\n

Jun 2025<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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About Author<\/p>\n

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.<\/p>\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n

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Last updated:\u00a0<\/p>\n

\"Mt.<\/p>\n

Entities linked to alleged Mt. Gox hacker Aleksey Bilyuchenko<\/a> transferred another 1,300 BTC worth approximately $114 million to unknown exchanges over the past week, according to blockchain intelligence firm Arkham Intelligence.<\/p>\n

The wallets still hold 4,100 BTC<\/strong><\/a>, valued at around $360 million, and have now sold a total of 2,300 BTC since distribution activity began in October.<\/p>\n

Arkham analyst Emmett Gallic reported<\/a> that the deposits mark an acceleration of a controlled selloff that started months ago.<\/p>\n

\u201cThe entity related to Aleksey Bilyuchenko has deposited another 1.3K $BTC ($114M) to the unknown exchanges in the past 7 days,<\/em>\u201d Gallic stated, adding that total sales have now reached 2,300 BTC while substantial holdings remain intact.<\/p>\n

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Controlled Distribution Follows Months-Long Pattern<\/span><\/h2>\n

The recent transfers continue a systematic distribution that Gallic first flagged<\/a> in October when roughly 8,000 BTC connected to the WEX\/BTC-e case appeared to be controlled by Russian authorities, specifically the third department of the second service of the CSS of the FSB.<\/p>\n

Bitcoin belonging to BTC-e co-founder Bilyuchenko had been slowly liquidated through unknown exchanges since mid-October, with 110 BTC deposited in just two days during early November alone.<\/p>\n

Gallic noted uncertainty about whether Bilyuchenko remains jailed in Russia or continues to control these funds, though Moscow courts have seized most of his other assets.<\/p>\n

However, the structured nature of the transfers suggests deliberate positioning rather than panic selling, with each deposit carefully routed through exchanges that obscure the final destination of proceeds.<\/p>\n

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So it seems that almost 8K $BTC<\/a> ($867M) related to the WEX\/BTCE case are controlled by Russian authorities (3rd department of the 2nd service of the CSS of the FSB) including the 6.5K $BTC<\/a> that moved earlier today. pic.twitter.com\/9LwhZxvAFb<\/a><\/p>\n

\u2014 Emmett Gallic (@emmettgallic) October 17, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Criminal Background Spans Mt. Gox Hack and BTC-e Operations<\/span><\/h2>\n

The U.S. Department of Justice unsealed<\/a> charges against Bilyuchenko and co-conspirator Aleksandr Verner in June 2023, alleging they conspired to launder approximately 647,000 bitcoins stolen from Mt. Gox between September 2011 and May 2014.<\/p>\n

\u201cArmed with the ill-gotten gains from Mt. Gox, Bilyuchenko allegedly went on to help set up the notorious BTC-e virtual currency exchange, which laundered funds for cyber criminals worldwide,<\/em>\u201d Assistant Attorney General Kenneth A. Polite Jr. stated at the time.<\/p>\n

Court documents revealed that Bilyuchenko and Verner gained unauthorized access to Mt. Gox\u2019s servers that held crypto wallets in September 2011, when the exchange was the world\u2019s largest Bitcoin platform, servicing thousands of users.<\/p>\n

The stolen bitcoins represented the vast majority of Mt. Gox customer holdings and were primarily laundered through bitcoin addresses at two other online exchanges controlled by the conspirators.<\/p>\n

Bilyuchenko also allegedly operated BTC-e from 2011 until law enforcement shut down the platform in July 2017, working alongside Alexander Vinnik, who was recently returned to Russia in a February<\/a> prisoner swap with the United States.<\/p>\n

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BTC-e processed over $9 billion in transactions and served approximately one million users worldwide, receiving criminal proceeds from computer intrusions, ransomware events, identity theft schemes, and narcotics distribution rings, according to Justice Department estimates.<\/p>\n

Whale Selling Compounds Bitcoin\u2019s Year-End Weakness<\/span><\/h2>\n

The Bilyuchenko-linked distribution adds another layer of supply pressure to Bitcoin markets already struggling under broader whale selloffs and thinning holiday liquidity.<\/p>\n

Bitcoin slipped 1.12% below $87,000<\/a> today as perpetual open interest dropped $3 billion overnight, leaving markets vulnerable to sharp moves despite reduced leverage heading into Christmas.<\/p>\n

Wallets holding between 10,000 and 100,000 BTC collectively reduced their positions by 36,500 BTC, worth approximately $3.37 billion, since early December, contributing to what analysts call<\/a> Bitcoin\u2019s \u201cweakest year-end performance in seven years.<\/em><\/strong>\u201c<\/p>\n

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\ud83d\udd34 Bitcoin stuck in consolidation as holiday liquidity drains and $23.7 billion options expiry looms, with analysts targeting recovery in 2026.https:\/\/t.co\/q4BE5awX8t<\/a><\/p>\n

\u2014 Cryptonews.com (@cryptonews) December 23, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Bitcoin ETFs<\/a> recorded $650.8 million in outflows over four days, led by BlackRock\u2019s $157 million single-day withdrawal, while Ethereum spot ETFs posted $95.52 million in net outflows.<\/p>\n

Bitfinex analysts warned that Bitcoin now faces \u201ca substantial headwind in the form of a dense overhead supply cluster accumulated by top buyers between $94,000 and $120,000.<\/em>\u201c<\/p>\n

The concentration of supply has created a top-heavy market structure in which rebound attempts are increasingly capped by sell pressure, reminiscent of early 2022, when recoveries during bearish phases repeatedly failed to gain traction.<\/p>\n

Amid the turbulence, most asset managers expect 2026<\/a> to be the year in which Bitcoin recovers and regains its strength.<\/p>\n

However, the ongoing Bilyuchenko selloff, with 4,100 BTC still available for distribution, threatens to extend consolidation through early 2026 as markets absorb both legitimate whale profit-taking<\/a> and illicit funds being methodically liquidated through unknown channels.<\/p>\n

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Crypto Journalist Anas Hassan Crypto Journalist Anas Hassan Part of the Team Since Jun 2025 About Author Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech. Last updated:\u00a0 December 24, 2025 Entities linked to alleged Mt. Gox hacker Aleksey Bilyuchenko transferred<\/p>\n","protected":false},"author":1,"featured_media":880367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23649,1507],"tags":[],"class_list":["post-880366","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dumps","category-hacker"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/880366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=880366"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/880366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/880367"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=880366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=880366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=880366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}