Market Cap
24h Vol
6566
Cryptocurrencies
51.43%
Bitcoin Share

Mt. Gox Moves $3.2 Billion in Bitcoin Amid Accelerated Creditor Repayments

Mt. Gox Moves $3.2 Billion in Bitcoin Amid Accelerated Creditor Repayments


CryptoIntelligence
2024-07-25 04:44:00

On July 23, Mt. Gox moved over 47,500 Bitcoin, worth nearly $3.2 billion, to two unknown addresses at 5:05 am and 6:27 am UTC, according to Arkham Intelligence data. Although Mt. Gox was reported to hold 90,344 Bitcoin valued at $6.02 billion, its current holdings have decreased to approximately 42,744 BTC, worth $2.85 billion. Following a statement on July 5 about repayments, Mt. Gox plans to promptly compensate creditors, and these plans appear to be well underway. The Mt. Gox wallet labeled “Mt. Gox: Cold Wallet (1Jbez)” recently sent 5,110 BTC, worth around $340 million, to an unknown wallet and


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.