Mt. Gox Wallet Moves 27,871 BTC as Bitcoin Hits $100K Milestone
Bitcoin has remained unfazed even as Mt. Gox moved billions in BTC to an unknown address.
Bitcoin has remained unfazed even as Mt. Gox moved billions in BTC to an unknown address.
The activity follows delays in creditor repayments, which have now been rescheduled to 2025 due to system issues.
Bitcoin prices have sunk again as the defunct Mt. Gox exchange begins moving assets, potentially sparking another sell-off.
The fifth and final exchange supporting the Mt. Gox bankruptcy is moving its coins connected to the defunct trading platform
Mt. Gox have already transferred billion dollars worth bitcoin to Bitstamp, Kraken, and other exchanges tasked with returning customer funds
The Mt. Gox trustee has transferred thousands of bitcoins to crypto exchanges Kraken and Bitstamp in the last two weeks.
There has been a significant increase in Bitcoin withdrawals from Kraken, suggesting Mt. Gox creditors are opting to hodl.
The Mt. Gox wallet address holds about 90,344 BTC worth roughly $5.99 billion at market prices.
The impact of Mt. Gox customers selling newly acquired BTC is likely to be limited, according to the founder of
Arkham Intelligence revealed that an address associated with Kraken received $3.1 billion worth of crypto from Mt. Gox's wallets on