Mt. Gox Trades 140,000 Bitcoin Valued at Nearly USD 9 Billion, and other News
According to data from Arkham Intelligence, Mt. Gox still has 138,985 bitcoins (BTC) in its main wallet, valued at approximately $8.7 billion, and for the first time in two weeks it has begun to mobilize the funds it has been holding.
In just three hours on July 16, Mt. Gox transferred more than 140,000 bitcoins worth nearly $9 billion to a known cold wallet and two unknown addresses. This massive movement of cryptocurrency has caused a stir in the market.
According to Arkham Intelligence, Mt. Gox still holds 138,985 bitcoins (BTC) in its main wallet, worth approximately $8.7 billion. This mobilization of funds is the first in two weeks. Of the Bitcoins transferred, nearly 96,000 BTC, valued at more than $6 billion, were sent to two unknown wallets. While the remaining 44,527 BTC were sent to a known Mt. Gox cold wallet.
The total volume of BTC transactions conducted by Mt. Gox on July 16th reached nearly 190,000 BTC, representing a value of more than $12 billion moved in just three hours. An unknown address ending in “BHDct9b” received 42,587 BTC worth $2.69 billion. And another 4,641.24 BTC, worth $293.94 million, were transferred to Mt. Gox’s known cold wallet.
Stripe Expands its Cryptocurrency Integration in Europe
Financial technology company Stripe has taken a step in its cryptocurrency expansion, allowing European customers to purchase cryptocurrencies such as bitcoin, ethereum and Solana using credit or debit cards. The initiative aims to facilitate “normal transactions” with digital assets, the Irish Independent reported.
Founded by Irish brothers Patrick and John Collison, Stripe now offers online merchants the ability to integrate a cryptocurrency purchase widget into their websites. The widget not only enables cryptocurrency purchases, but also handles fees, disputes and KYC (know your customer) compliance.
John Egan, head of cryptocurrency at Stripe, told the Irish Independent, “This expansion allows cryptocurrency companies to help European consumers buy cryptocurrency quickly and easily. Merchants who rely on Stripe’s platform for things like conversion optimization, identity verification and fraud prevention can now reach a more global audience. This allows them to focus on growing their business and helping their customers.”
News of this expansion comes shortly after Stripe announced in April that it would enable USDC stablecoin payments for customer transactions starting this summer. Additionally, last month Stripe partnered with Coinbase to integrate the cryptocurrency exchange platform’s Layer 2 network Base into its cryptocurrency payment products.
LiFi Protocol Hacked and More than USD 8 Million Stolen
Today, it was reported that the LiFi Bridge protocol suffered a cyber attack that resulted in the theft of over $8 million. The attacker targeted specific accounts with “infinite approvals” settings and exploited this vulnerability to carry out the theft.
In a post on social network X, LiFi warned its users about the situation and urged them not to interact with applications using its technology until further notice.
The platform also recommended that users revoke all authorizations for three specific addresses, and offered assistance in doing so. “We urge all users to use our isolated revocation site immediately. Four additional breaches have been identified,” they added in an update. They also warned that any user funds that interacted with the LiFi protocols were at risk.
De.Fi Antivirus Web 3 revealed that the attack executed suspicious withdrawals from the protocols’ contracts and exposed the wallet containing the stolen loot, which includes various cryptocurrencies on Ethereum and Arbitrum.
By Leonardo Perez