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On-chain analyst Emmett Gallic recently detected a noteworthy trend — an address associated with Gate.io hacker Aleksey Bilyuchenko deposited 926 BTC into an unknown exchange platform on January 13.
This address still holds 3,000 BTC, worth approximately $275 million USD. However, whether these assets are still in Bilyuchenko's possession remains uncertain. After all, this individual has been inactive for several years — his last appearance was during his imprisonment in Moscow, serving a total sentence of three and a half years.
This large transfer immediately sparked discussions within the community. Some market participants speculate it could be asset transfer or liquidation activity, while others believe it might involve asset disposal related to legal proceedings. Regardless, the legacy issues of Mt.Gox remain an unresolved mystery in the crypto market.