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Mt. Gox Mystery: Defunct Exchange Moves Over $2 Billion In Bitcoin – Details

  • Mt. Gox, the defunct crypto exchange, has transferred 32,371 Bitcoin, valued at $2.19 billion, to an undisclosed address.
  • The movement was tracked by Arkham Intelligence, which revealed that the funds were transferred to two different wallets.
  • Mt. Gox still holds around 44,378 BTC, worth approximately $3 billion, and the recent movement is believed to be related to the planned settlement and repayment to creditors.
  • Mt. Gox faced bankruptcy due to hacking incidents between 2011 and 2014 and is currently in the process of repaying its creditors and former customers.

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