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Mt. Gox Shifts $1 Billion in Bitcoin – What’s Behind the Move?

  • Mt. Gox moved approximately $1 billion worth of BTC to a hot wallet and an unidentified address.
  • 10,608 BTC valued at $928 million was sent to an unknown destination, raising questions about the funds' purpose.
  • Mt. Gox has made several major transactions recently, potentially involving internal fund reshuffling.
  • The movement coincided with a surge in Bitcoin's price.

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