Bitcoin Drops as $5b moves to unknown wallet.

Bitcoin Drops as $5b moves to unknown wallet.

all right guys all right how’s it going guys how’s it going yeah so the reason why we’re down Bitcoin dips 2% as Mt gox wallets move over 5 billion to unknown wallet so billions in Bitcoin reportedly belong to a collap crypto exchange MTG has moved to an unknown wallet um BTC dipped 2% on May 28th after wallets labeled as belonging to a collapsed crypto exchange Mt gox moved 75,200 billion to an unknown wallet with more transactions coming in by the hour the move is ahead of defunct exchanges plan to return so essentially this is mtg’s plan to return and uh that’s why we kind of dipped it pretty much dipped right um on and this is a big this is a big cache of Bitcoin at 72,000 and 75,200 right now we might actually go down even more um this move is ahead of defun crypto exchange plan to return BTC hold Holdings to creditors before October onchain movement tracking X account Weller posted series of updates on May 28th but like this so like they’re giving a bunch to um creditors and they’re obviously people are afraid the creditors are going to sell so they’re transferring from Mt gaau to an unknown wallet there’s no guarantee that those creditors will actually sell by the ways this is going to be a very short stream probably only half an hour or so I still need the result I still need to like uh finish like um downloading some software on my computer to like restore it back to where it was I’m not going to restore from backups cuz obviously that has risks uh since the computer was breached blockchain Explorer Arkham intelligence shows the four transaction hashes on May 28th from 1:41 a.m. to 2:54 a.m. UTC including a total of 21 transfers from multiple Mt gaau code wallets with most moving 2,000 BTC at a time MTG moved an additional 30,000 uh 137 BTC at 411 a.m. UTC to the same address bringing its total Holdings to over 5 billion worth of bitcoin all transactions pointed to a single unlabeled address Arkham shows MTG still holds nearly 138,000 BTC worth over 9.36 billion so they transferred over 5 billion they still have over 9 billion left yes MTG my friends is a uh big big um yeah is kind of a big problem here so I don’t think they’ll sell all of it because that would actually cause the market to crash obviously as you can see at 300 p.m. we were at 70k and then um at 3 at 3:00 a.m. we’re at 67k 68k something like that right now we might continue to go down a little bit more but probably not too much more also like going down like this probably did liquidate some Longs so um over 9.4 billion worth of bitcoin is owed to some some of MTX is 120 7,000 creditors who have waited to get it back for over 10 years after the exchange collapsed in 2014 so um mtg’s final repayment deadline is October 31st it’s trustees started contacting creditors in January to confirm their identity and exchange counts for payment so we might see a couple of dips because of Mt goau cuz their absolute deadline is back in um o is October about five months from now I think it’s on Halloween actually it’s on Halloween about 5 months from now so definitely um something definitely something to actually watch definitely like something to actually watch but also Al not really um not something I’m really not something I’m like super super concerned about but something I I would I I would actually um I would definitely keep an eye on so last month k33 research analyst warned the move of MTG era Bitcoin would spook the market and price pressure the cryptocurrency over 9.4 billion worth of bitcoin is owed to some and so yeah so a lot of um a lot of the stuff definitely um kind of uh kind of not good I I might but like I’m looking like coinbase is kind of like it’s hard to work with coinbase honestly cuz they’re like their verification process it’s kind of difficult cuz they they make you do that like ID they make you do that like ID and sign thing they actually make you do that ID and sign thing which like it’s hard to like they’ve rejected my verification twice once because like the ID was a little bit blurry once because like not enough of my face was in the picture and once because like the I guess like one of the numbers on the date of the the sign uh um kind of like didn’t work or whatever yeah I changed it to cryp I changed it to crypto angler like maybe a month ago it has affected the traffic a bit but I think it’s going to recover now well I mean verific look verification is like that at a lot of exchanges like binance had you hold the sign as well but the verification like the ver ific ation is really [ __ ] to do for coinbase cuz like it’s hard it’s it’s really hard to do because it’s hard to get everything it’s really hard to get everything in frame and have it be in Focus as well because you need like three items they all need to fit in the damn frame they all need to fit in the damn frame and like the ID which is the smallest thing actually needs to be in Focus yeah I know how I I know how things got compromised yes sell off so they’re smart it’ be all at once they’re not going to sell off all at once and also like there’s a good chance not all of them are going to sell off because some of them probably want to hold on to their Bitcoin I mean like I think a lot of people I I do actually think a lot of people want uh think like they’re they’re going to sell off but I don’t think they’re all going to sell off guys please hit the likes man so yeah you looking for a dip to buy in not really I mean like I’m if I get the coinbase money back yeah I’m going to be looking for a dip to buy in if I get get the coinbase money back I don’t think I have to make a new account no but I’m definitely like securing my old I’m also figuring I also want to turn I want I’m trying to figure out how to turn off the RDP protocol uh for for um Windows 11 home I don’t like administrative tools doesn’t seem to be in a Windows 11 home so I’ve got to figure out where that is and turn completely turn off the RDP protocol just in case like I’ve turned off remote assistance obviously I didn’t know that was even on uh but I I also need to turn off like I I also need to turn off like uh RDP like disable RDP completely it will uh buy their Bitcoin um the big institutions will buy their Bitcoin OTC of course they’ll buy their of course they’ll buy their uh Bitcoin OTC uh no that was like 15 years ago and like mine was more of like a programming troubleshooting role it had nothing to do with like the overall security of the system anyone bullish and like just like even if you just work it in a hospital it doesn’t mean like your home computer and or your crypto is going to be completely secure cuz like you’re kind of specialized in that one role like all I did was interfaces for hospitals and like just because you’re like a coder or a programmer doesn’t mean like you’re some like you’re some expert in computer security anyone bullish I’m Caspa is there any meme coin on Caspa Network there Caspa doesn’t have Smart contracts yet so there is no um so there is no meme coins on Caspa Network do you know anything about London Stock Exchange etps Wisdom Tree ETP launching today um no not really like I don’t think the like I don’t think the non us etps really matter all that much uh to help you out uh with getting back to you consider them getting Ada if you can I’d probably rather get near at this point but right now I don’t know if I can get the funds back because they’re like kind of being a [ __ ] about the verification because like they’re like your ID is slightly blurry not enough of your fa is showing on the identification thing or like the sign you’re holding has like one number blocked off or like the ID being slightly blurry is the one that pisses me off the most because it’s really hard to get that damn thing in Focus if your face is in the photo yes five billion was moved from Mt goau to an unknown address Mt gox still has about 9.7 million left to move it’s not that really the the lighting doesn’t actually matter all that much it’s like if you hold like a your face kind of has to be like right next to the ID and then you still have to hold another sign and not have it cover your face so that’s the hard part about it I think Brett will have its pump no but no but like when you’re selling if you sell five Bill a five billion over a short amount of time it does actually dump uh crypto like don’t just look at the don’t just look at the amount of money comparative to market cap don’t just look at the amount of money comparative market cap man that that doesn’t like do do any justice I mean right now like I I think right now people are selling because they’re afraid um I I don’t think people I don’t think the the creditors are actually dumping I think people are just selling right now because they’re afraid I don’t know if I can retrieve the lost money dude I use my driver’s license for the photo ID for like it it has to be an ID so like my driver’s license is the thing I would use and the thing is like yeah like some of the stuff can be a little bit blurry but they they require all things all three things in one photo that’s the problem it’s really hard to get the right thing in focus when you have and you want everything in the frame it doesn’t cover like dude shut up about xrp we know it’s garbage and you’re not going to and you’re not you’re not going to convince anyone no no no no no no no like no I’m submitting a photo like I’m using my iPhone but realistically like it’s it’s still really hard to get everything in frame dude PC P inro we know you’re a scammer just stop with your garbage man you you have to put more than $1 because you like your $10 like $10 like 10 xrp has to stay in the folder look turbo will have its run look a lot of the base meme coins will have the run just like Salata meme coins had their run well yeah I mean you could have someone else take the picture but the thing is like it’s still hard to get everything in Focus look you can do time you can do a time delay picture you can actually do like a time delay picture that’s not that’s not hard to do it’s just situating the stuff that’s hard yeah like if you have to take the live photo it’s incredibly hard like they’ve got to like they’ve got to what they’ve got to improve their AI so like a slightly blurry driver’s license like the slightly blurry text on the driver’s license doesn’t actually like basically nullify the uh photo ID because that’s absolutely ridiculous no I don’t think Brett’s going to be the next Pepe look if you get into a meme coin you get like 15 x out of it you should probably leave and look for the next meme coin yeah like if you get 15x you can just select more meme coins it’s not like there’s only one or two of them there’s a lot of them same issue with p network or face they upgraded their Tech dude they they really need to upgrade their damn Tech like for like a face verific like for a verification especially unlike the photo ID on a driver’s license or a passport cuz those things like if your face is in the picture like the camera automatically focuses on your face and not like the photo and not like the photo ID bsv isn’t going to do [ __ ] bsv is done for bsv is like completely done for pi needs to hurry up and make available the trade like Craig Wright’s been shown to be a fraud at this point like he completely lost his case and bsv isn’t really worth anything anymore so yeah I mean like right look right now bitcoin’s definitely taking a dip because I think people are afraid of the Mt gox thing but by tomorrow it could actually just bounce back up like people always get like uh people always get really scared due to whale transfers people get like super scared because of whale transfers but there’s honestly like no reason to be super scared of whale transfers honestly like I think like whale transfers are I think whale transfers are fine but like there’s no reason to be afraid of them no no five billion like all at once is definitely enough to dump the market by quite a few points it’ll get bought right back up but like there’s definitely going to be a dip if you if you like uh sell like anywhere near 5 billion at once I mean like we’ve seen like transactions of 10 10,000 bit coin at once dump the market by one or 2,000 points so it’s definitely possible selling that much on an exchange at once will move the market October could be a block one EV it but like it’s going to be tiered roll out until October and October might actually be the final dip uh October might actually be the final dump before we go up on a bull run B seems to like continue to do well I I have no idea why but it does seem to continue to do well I had to do a video on an exchange of myself an ID get my money back that worked well I mean like I just have trouble getting things in focus is the problem it’s incredibly difficult look I already I already thought of uh I already told you my thoughts on B uh you can lock your coins in defi contract not even Satoshi can touch them I mean I don’t know if we’re like in the run yet because we’re still like we’re still kind of trading sideways for a very long time but maybe maybe but like yeah like the Mt gox transfer is why I think why people are afraid right now but people get afraid of like like everything you know whatever like I think I mean there’s obviously opport Tunis hoping for like a dump so they can like you know buy and sell the market like on the news was the 5 billion in one wallet I mean if you want the if you want the article to read it’s right here um it was several wallets it was several wallets but they all belong to MTG all the wallet belong to mtxs guys this stream’s only going to be half an hour Market will probably trade sideways yeah I I think it will probably trade sideways um I mean but we’ll be pretty close to 70k yeah I mean hacks are hacks you just kind of got to um recover from them Kim pump already uh I have to buy more while I can well I mean I’m still trying to get my funds back from coinbase I mean 70k like switches from like resistance to support a lot because they see like crypto is insecure cuz like if someone hacks your if someone hacks your bank account like you can always do like a recall or you can get your bank to deny the transfer and there’s several days for you to do it when if someone hacks your crypto account and drains your wallet there’s very little you can do it’s it’s not like some people just don’t think crypto is secure enough and I think that’s one of the reasons why crypto isn’t going to take over the banking system because the banking system allows mistakes like the banking system actually allows mistakes and allows you to reverse like scandals and frauds whereas like crypto doesn’t really allow you to do that like crypto just does not allow you to do that uh so how can we make crypto more secure allow transaction well no because then it wouldn’t be in readable look like crypto doesn’t tailor itself to do like crypto doesn’t tailor itself to do that unless you go through a CeX you can’t really you can’t really reverse anything like I I mean part of the reason crypto is popular is because it’s immutable but that also leads itself to a lot of hacks and stuff yeah yes I mean they expose themselves to it but like do not you but if on on in the banking system like if you expose yourself to it there’s a way to reverse it in crypto there’s not a way to reverse it there’s like very there’s like no room for error in crypto is the problem and it’s too easy to suffer hack it’s too easy to suffer a malware hack cuz I look at like think about how many people got infected with like stuck net or that love you like a virus I do not know that many people that lost funds with K coin um if someone if there was a password reset if someone else did it they probably got access to your account I don’t know if I can reverse the coinbase stuff I’m hoping I can about bank account hacks lately yeah but like the thing with bank accounts is like your FDIC insured like with like if you if you keep crypto in like a in a wallet it’s not FDIC insured and the thing is like um like if someone like if someone like like you know fakes your ID and the bank believes it it’s kind of their fault so like keeping crypto in a cold wallet is kind of like stuffing like money under your mattress so like that’s why there’s a reason why not a lot of people do that cuz like you know it’s self- custody so like self- custody your money would be basically stuffing it under your mattress dude coinbase is just annoying the hell out of me with like this like ID verification like your face in the ID is slightly blurry yeah because it’s really hard to focus right with all the other stuff in the frame they just need to they really need to like up their game on their ai ai verification and like when someone is reporting fraud they need to assign like a real person to it instead of like having the AI generated messages because those things suck no the the insurance doesn’t really cover the remote access the thing is look they they need to like when when fraud is reported they need to like contact the other bank to stop the transfer immediately and then like worry about the verification stuff cuz like they’re basically just wasting a lot of time for that transaction to to go through cuz like that bank account is like obviously a fraudin bank account it needs to be frozen no like I actually spoke to their support on Twitter like their their official support uh account on Twitter uh you have a big headache because it needs to be reported to other groups not just you know if they reported to the FBI I’d be perfectly happy with that if Law Enforcement wants me to completely cooperate for them to take cooperate with them to take down like a like a hacker I I am more than willing to do that I don’t think it’s an internal employee I think it was just like remote access under my system I didn’t know Windows 11 came with like like a remote assistance like uh ticked on it definitely should not be it should always be ticked off I also need to figure out how to just nuke the RDP entirely on my on my system the thing is like if the thing is like because of coinbase is 2fa he couldn’t actually just transfer the coins into his own wallet he had to sell them on coinbase first I also need to figure out where administrative tools is on Windows 11 home because I don’t really see it in the control panel and I need to figure out where the hell it is to Nuke RDP altogether so like this doesn’t happen again in the future you didn’t get a confirmation on your phone no the thing is like the weird thing about coinbase is like there it’s like um there’s there’s there’s a there’s a must for tofa if you send from like your crypto wallet but there wasn’t a tofa when they when he tried to transfer to the bank account I mean You’ think like one would follow the other can nuke RDP from the command line okay thanks let’s see if that works CMD access is denied huh all right I I think I I think I’m GNA have to log in as administrator to actually do that you should know when to quit spamming open Terminal as in Min uh I need to I I I I do actually need to run run as administrator I definitely need to run as administrator right click on CMD and uh that’s in control panel right no I know I I know what the command I know what this command looks like I know EXA I know what this command looks like I just forgot exactly what it was CMD uh how do I I need to log in as administrator I don’t remember how uh I don’t remember how how to do this right click on um just right click and choose run as administrator running cmd.exe help uh it doesn’t really work it’s not it’s not really working type it in CMD and you should see it on the right side you didn’t wait I did right click CMD no I I did right click it’s it doesn’t it doesn’t work you know what I can just log in as a men just type in CMD don’t oh okay I got it um you know what I’m going to do that I’m going to do that off stream I’m definitely going to do that off stream I am not going to do that on stream I’ll just I’m definitely going to do that off stream also I can just like switch to La I can just switch into administrative mode as well is the hacker watching us right now he uh might be but he can’t really do anything I already like I already dis I already disabled remote assistance so I just need to I just need to like Nuke um I just need to Nuke like remote RDP alt together cuz like Windows like Windows 11 home like Windows 11 home like actually came with that like defaultly on which is a horrible idea any good news nah fishing suck tonight man I don’t really know why right now but like the water’s like well the water’s super high in St Louis and it’s horrible for fishing like the high water level is God awful for fishing like the rivers are completely flooded all I can find is gar also like I’m definitely going to do that I’m definitely going to do do that uh while I’m not connected to the internet like I’m not going to log in as a in like when I’m connected to the internet I’m just going to I’m going to disconnect from the internet and then log in as administrator full moon the other night that’s good fishing generally like I do better on new moons I definitely do better on new moons than full moons but yeah the thing is like I I just need to turn I just like need to terminate all remote access options on my computer I already did like a complete factory reset so that should have wiped out like any kind of like malware but just in case I sacrifice fish every day man you gotta do cup bait for catfish absolutely got to do cup bait for catfish about to dump no MTG is not going to dump on us Mt goau is going to give MTG is actually going to give um the coins back to their users and they might dump on us that’s the issue now I’m I’m going to I’m going to disconnect from my wireless network before I run as administrator because it’s it’s too dangerous to uh it it’s way too dangerous um to run administrator while I’m online use uh cro heads for setting lines Channel and blue CF on the pirate oh I mean like I I actually just use I use cut bait and worms tonight like it was it was just all gar like the gar was like gar were constantly hitting the bait gar was constantly hitting the bait and those things those suckers are hard to hook if you’re not doing like worm under B so I mean like I know crads work I never caught a big Flathead on a croad like I catch the big flatheads on bluegills I defin I I have notifications on coinbase that’s how I figured out my account was compromised because like I got the notifications but like I didn’t really check my I didn’t check my email until like a couple uh until like an hour or two later well I mean people are just people people are selling on the Mt gox fund cuz they’re cuz they’re actually afraid that Mt gox is going to dump like they’re going to dump but like mt gox doesn’t dump coins Mt goers give gives the coins back to their creditors their creditors may or may not dump them they’re not it’s not like it’s not like the creditors are going to dump the coins all at once that’s definitely a mistake no I mean I’m still bullish I’m still bullish it’s just that it’s a temporary setback it’s a temporary setback is MTG like transfer $5 billion into other wallets what other wallets we’re not really sure but other wallets that’s what uh but that’s what they’re doing man that’s what they’re doing I think people just like freak out like way too much I don’t know I think Mt gax is the main one no no they still have $9.6 billion they still have $9.6 billion they like lost like 5.2 or something 5.3 no like no like here if you if you look at it um like they owe over 9.4 billion but they actually only transfer about five today5 billion dollar in BTC not 5 billion BTC 5 billion in BTC yeah I’ve actually caught pretty big flatheads on minnows like big fish will bite small baits I’ve never caught the big ones on croads though they don’t seem to like them very much the small ones will bite the croads all right guys that’s actually going to be it for tonight it’s late um I still got to take care of a couple of things to restore some programs on my computer I will see you guys later and um I’ll I’ll see you guys later man

#crypto #coinbase #ftx

Bitcoin drops a bit as MT Gox moves funds
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