Mt. Gox Moves $2.94 Billion Bitcoin Ahead of Repayment Plan to Creditors
Summary:
Collapsed crypto exchange Mt. Gox has transferred 42,884 Bitcoins, an approximate value of $2.94 billion, during May 28 in a significant move before reimbursing its BTC holdings to creditors by October. On-chain transaction trackers Whale Alert and Arkham Intelligence report this significant transfer to an unidentified wallet. Mt. Gox purportedly still retains around 138,000 BTC, worth over $9.47 billion.
Crypto exchange Mt. Gox, despite the company's collapse, has shifted 42,884 Bitcoins (BTC), equivalent to approximately $2.94 billion, in a series of transactions on May 28. This significant action precedes the plan to return its BTC holdings to its creditors by October. The noteworthy transfers, ranging from 3,999 BTC to over 16,500 BTC within a 60-minute period, were noted by on-chain transaction tracking account Whale Alert in multiple updates on May 28. Source: Whale Alert. According to Whale Alert, the hefty Bitcoin transfer was made to a wallet that remains unidentified. Arkham Intelligence, another on-chain monitoring platform, has yet to attribute the receiving wallet. The platform indicates that Mt. Gox still retains a balance of approximately 138,000 BTC, totaling over $9.47 billion. This situation is ongoing and additional details will be provided as they surface.
Published At
5/28/2024 6:14:42 AM
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