Reported 6 months ago
Over $9 billion worth of Bitcoin, equivalent to 140,000 BTC, was transferred from Mt. Gox wallets to an unknown address in thirteen transactions, potentially as part of a repayment plan for creditors by October 31, 2024. This move caused a bearish reaction in the market, with Bitcoin prices dropping by 1.4% to $67,680 after reaching over $70,000. Mt. Gox, a former major Bitcoin exchange that closed in 2014 due to a hack, has now moved all its Bitcoin assets to a single wallet, sparking speculation about the distribution of these funds to creditors and their impact on the market.
Source: YAHOO