Mt.Gox Transfers $9B Bitcoin to Single Address as Part of Repayment Plans

Mt.Gox Transfers $9B Bitcoin to Single Address as Part of Repayment Plans

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Source: Coindesk.com

Over 140,000 BTC, worth around $9 billion, were transferred from Mt. Gox wallets to an unknown address in thirteen transactions, possibly as part of a plan to repay creditors by October 31, 2024. The market reacted bearishly to these movements, with Bitcoin dropping by 1.4% to as low as $67,680 after reaching a high of over $70,000

Read More https://www.coindesk.com/markets/2024/05/28/mtgox-moves-7b-bitcoin-as-part-of-repayment-plans-sparking-btc-price-plunge/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Mt.Gox Transfers $9B Bitcoin to Single Address as Part of Repayment Plans" appeared first here Coindesk.com.

Source: Coindesk.com

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