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Mt. Gox Moves Nearly $1 Billion in Bitcoin—Are More Repayments Imminent?
Almost $1 billion worth of Bitcoin in wallets belonging to defunct crypto exchange Mt. Gox was moved early Tuesday morning, according to on-chain data tracked by blockchain analytics firm Arkham Intelligence. A Bitcoin address labeled by Arkham as “Mt. Gox Cold Wallet” transferred 10,608 Bitcoin, or around $988 million worth, to two separate addresses—185 BTC to a hot wallet it controls, and the remaining 10,423 BTC to a fresh Bitcoin address. The 185 BTC, or $17 million worth, was later sent to an address belonging to crypto exchange Kraken. The transactions are the first major movement from Mt. Gox wallets ... (full story)
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