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Mt Gox Makes Another Billion-Dollar Bitcoin Move, More Payouts on the Way?

  • Defunct crypto exchange Mt Gox moves 11,501 BTC worth $1.01 billion from one wallet to another.
  • Unclear if the move is part of repayment efforts or internal asset shuffling.
  • Creditor repayments deadline extended to October 31, 2025, with more funds potentially being moved to exchanges.
  • Large transfers from Mt Gox trigger price declines, potential selling pressure from creditors could lead to further dips.

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