Mt. Gox Wallet Moves Massive Amount of BTC Worth $739 Million After 6 Months
According to on-chain analyst ai_9684xtpa, a large-scale Bitcoin transfer occurred from a wallet associated with Mt. Gox after approximately six months. Around
What to know
- According to on-chain analyst ai_9684xtpa, a large-scale Bitcoin transfer occurred from a wallet associated with Mt. Gox after approximately six months. Around
According to on-chain analyst ai_9684xtpa, a large-scale Bitcoin transfer occurred from a wallet associated with Mt. Gox after approximately six months. Around 10,423 BTC (roughly $739 million) was moved to a new address from the wallet in question, and 116 BTC (roughly $8.25 million) was also deposited into an internal hot wallet.
Mt. Gox went bankrupt after losing approximately 850,000 BTC to hacking incidents in 2014. After about 10 years, the exchange began its main creditor repayment process in 2024; however, due to some procedural issues, the final repayment deadline has been postponed to October 31.
Currently, most creditors are believed to have already received their holdings. The remaining approximately 34,000 BTC is being gradually distributed and repaid to those who have not yet received their funds.