a wallet linked to the defunct cryptocurrency exchange btce has suddenly awakened after lying dormant for over five years what happened over 10000 bitcoin btcusd worth 167 million were sent from the btce exchange to two unknown addresses that received 3500 and 6500 btc according to blockchaincom the wallet that received 3500 btc sent 300 btc to another wallet which was then sent even further into several more wallets see more best cryptocurrency scanners n wednesday blockchain analytics firm crystal blockchain identified the wallet utilized in the transaction as being associated with btce russian crypto entrepreneur sergey mendeleev posted the transaction on his telegram account after noticing it the btce crypto exchange was shut in july 2017 by the federal bureau of investigation for allegedly laundering money after handling an estimated 9 billion in transactions since its creation in 2011 the department of justice later arrested alexander vinnik the alleged operator of btce in greece in 2017 for aiding in the laundering of funds stolen in the infamous mt gox cryptocurrency exchange hack price action btc was trading at 1668374 up 112 in the past 24 hours according to benzinga pro data read next a look at bitcoin ethereum and dogecoin heading into thanksgiving black friday the weekend