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Mt. Gox, the defunct cryptocurrency exchange, has made significant movements of Bitcoin as it prepares for anticipated repayments to creditors. The exchange transferred nearly $2.7 billion worth of Bitcoin to unknown addresses, including a test transfer of 0.021 BTC. Additionally, 44,527 BTC, valued at approximately $2.84 billion, was moved to an internal wallet. Another 47,229 BTC and 526.952 BTC, worth approximately $33.63 million, were also transferred to unmarked addresses. These transactions are part of the preparations to repay around $9 billion to creditors. The large movements have caused selling pressure on Bitcoin, leading to a dip in its price.
🧐 JUST IN: Mt. Gox moved $3B in $BTC to unknown address. https://t.co/iLuHH3H3Tz
MT. GOX BITCOIN ON THE MOVE...AGAIN Mt. Gox has transferred nearly $2.7 billion in Bitcoin to an unknown address, according to Arkham. This large movement was preceded by a smaller test transfer. These actions come as the defunct exchange prepares to repay $9 billion to… https://t.co/WgfI5wtFad
MT. GOX MOVES BILLIONS IN BITCOIN Just when everyone thought BTC was on the rise, Mt. Gox moved nearly $2.7 billion to an unknown address, spooking the market. Earlier, they moved 47,000 BTC as they prepare for more repayments to creditors. Bitcoin's price dipped from around… https://t.co/viqQQ72qRF