Breaking: Mt. Gox Wallets Moves Bitcoin From $2.85 Billion BTC Stash

As a seasoned crypto investor with battle-tested nerves and a portfolio that has weathered many market storms, I find myself watching the recent Mt. Gox developments with cautious optimism. Having witnessed the tumultuous history of this exchange, I can’t help but feel a sense of deja vu.


It appears that Mt. Gox has moved a substantial portion of their Bitcoin reserves. This action has sparked rumors that the closed cryptocurrency exchange could be planning to return Bitcoins to its remaining users. If this is true, it might impact the current Bitcoin price surge, as past repayments have historically influenced the value of the leading digital currency.

Mt. Gox Moves Part Of Bitcoin Holdings

According to Arkham Intelligence’s findings, it appears that the defunct cryptocurrency exchange, Mt. Gox, moved some of its Bitcoin holdings after receiving 370,000 BTC from Kraken. This action has sparked rumors that the platform may be preparing for additional customer repayments in the near future. Notably, Mt. Gox still possesses approximately 44,899 BTC ($2.85 billion), suggesting that there might be more payouts to come.

Earlier this year, I started receiving Bitcoin payouts from my crypto exchange through platforms like Kraken, Bitbank, BitGo, Bistamp, and SBI VC trade. This recent transfer between Mt. Gox and Kraken seems to hint that the defunct crypto exchange may be planning to make additional Bitcoin repayments to its customers.

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2024-09-25 15:27