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Bitcoin plunged after Mt. Gox transferred $9 Billion BTC to an unknown wallet.
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The market turned bearish after the news broke out and plunged 1.5%.
Mt. Gox, the defunct Bitcoin exchange, transferred over 140,000 bitcoins worth around $9 Billion to an unknown address. The wallet data shows it takes thirteen transactions. All the Mt.Gox’s gathered a single BTC wallet. This transfer is possibly part of a plan to repay creditors by October 31, 2024.
The market reacted bearishly to these movements, with Bitcoin dropping by 1.5%. This is the first movement of assets from Mt. Gox’s cold wallets in over five years.
CryptoQuant’s Head of Research, Julio Moreno, mentioned in a post that outflows from Mt. Gox addresses are ongoing. A total of 42,829 Bitcoins have been moved from Mt. Gox addresses in the last few hours. All coins have been transferred to a new address: 1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6.
Outflows from Mt. Gox addresses c
We współpracy z: https://www.thecoinrepublic.com/2024/05/28/mt-gox-transfers-9b-bitcoin-ignites-market-speculation/
