Benzinga – Bankrupt cryptocurrency exchange Mt.Gox transferred billions of dollars’ worth of Bitcoin (CRYPTO: BTC) from its cold wallet to an unknown wallet, heightening anxiety levels of market participants.
What Happened: On-chain tracking platform Spot On Chain spotted a transfer of 42,909 Bitcoins, worth $2.93 billion at prevailing prices, to a wallet late Monday night. Conclusive information about the recipient wallet remains unknown at the time of writing.
In the past 2 hours, #MtGox transferred 42,909 $BTC ($2.93B) to a new wallet “1Jbez”.
Before the above transfers, the Mt. Gox address held a total of 137,892 $BTC ($9.42B).
Note that Mt Gox plans to distribute its 142,000 BTC and 143,000 BCH holdings to creditors by Oct 31,… pic.twitter.com/ljjG3W2boZ
— Spot On Chain (@spotonchain) May 28, 2024
Before these aforementioned transfers, addresses…
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