Mt. Gox moves 96.39k Bitcoin to unmarked addresses, fueling selloff concerns | Headlines | News | CoinMarketCap

07/16/2024 16:57
Mt. Gox moves 96.39k Bitcoin to unmarked addresses, fueling selloff concerns | Headlines | News | CoinMarketCap

Addresses affiliated with bankrupt exchange Mt. Gox recently moved 96,396 Bitcoin (BTC) worth over $6 billion to three unmarked wallets, fueling …

Addresses affiliated with bankrupt exchange Mt. Gox recently moved 96,396 Bitcoin (BTC) worth over $6 billion to three unmarked wallets, fueling selloff concerns amid the ongoing creditor repayments.

Data from market analytics resource Arkham Intelligence suggests that these transactions occurred over a two-hour timeframe.

Notably, the latest slew of transactions began with a 0.021 BTC transfer to an unknown address after three weeks of sustained inactivity. This transaction was likely a test run in preparation for the movements. 

After the test transfer, the Mt. Gox address then moved 44,000 BTC along with 526 BTC collectively valued at $2.84 billion to two different addresses at 06:39 UTC today. While the 44,000 BTC moved to a Mt. Gox cold wallet, the 526 BTC was transferred …

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