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Bitcoin Price Unfazed As Long-Bankrupt Exchange Mt. Gox Makes $1 Billion BTC Transfer

  • Mt. Gox, the long-defunct Japanese crypto exchange, transferred a significant amount of Bitcoin (BTC) to two wallets.
  • This is the third notable movement of funds by Mt. Gox in order to resolve outstanding compensation claims from former users who lost assets during its 2014 hack.
  • The latest transfer of 10,608.16 Bitcoin has not affected the spot price so far.
  • Mt. Gox, once the most popular platform for Bitcoin trading, lost 850,000 Bitcoins in a security breach in 2014 and retains 35,583 Bitcoin in its wallets.

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