The bankrupt crypto exchange Mt. Gox just moved 11,501 Bitcoin to its third significant transaction less than a month.
Blockchain Analytics Firm Arkham Intelligence Alert The transfer community on March 25 to X, announcing the Japanese exchange sent 893 Bitcoin (Btc) costs around $ 78 million in current prices in Mt. Gox Cold Wallet (1jbez) and another 10,608 Bitcoin, worth $ 929 million, in another wallet, the Wallet Change Wallet (1DCOA).
Source: Arkham Intelligence
The latest move will come after Mt. Gox shuffled a total of 12,000 bitcoin costs more than $ 1 billion on March 6 and Another 11,833 bitcoin on March 11.
The Blockchain Analytics platform area in the chain Says In a March 25 post in X that one of the previous transfers this month ended with the Bitstamp’s Crypto Exchange.
The spot on the chain thinks 893 Bitcoin “sent to hot wallets will also be moved shortly.”
Source: Spot on the chain
Arkham Data Showing the exchange still holds nearly 35,000 Bitcoin worth $ 3.1 billion throughout the wallets it controls.
Many have thought of significant movements from Mt. Gox can mean credit payments are around. Creditors have the option to receive their payouts to Bitcoin. A July 2024 Reddit poll following the first payout of the exchange Creditors are not in a hurry to sell their payouts to Bitcoin.
Mt. Gox In losses in early 2014 After the suffering of an 850,000 bitcoin loss in one of the largest crypto hacks recorded. Prior to the security violation, it was the largest Bitcoin exchange, which handles around 70-80% of the trade.
Following his losses in February 2014, a Tokyo court appointed a manager to manage the losses of losses and repaid creditors with the exchange ownership.
Related: The Mt. Gox moves $ 2.2b of Bitcoin, adding to BTC sale pressure
However, last October, the manager in charge of the Bitcoin Stash of the exchange expanded the deadlinePush it through a whole year until October 31, 2025, claiming many creditors “have not received their payments because they have not completed the necessary procedures for receiving payments.”
Last December, Mt. Gox din Moved more than 24,000 BitcoinIt costs nearly $ 2.5 billion, at an unknown address after cryptocurrency hits a milestone of $ 100,000.
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