Mt. Gox shifts $9B in BTC, market braces for impact
Mt. Gox’s cold wallet transfers over 140,000 BTC in a significant move after two weeks of inactivity, causing market concerns.
In three hours on July 16, Mt. Gox transferred over 140,000 Bitcoin, valued at nearly $9 billion, to a known cold wallet and two unidentified addresses.
Arkham Intelligence data reveals that Mt. Gox still possesses 138,985 Bitcoin (BTC) in its main wallet, amounting to approximately $8.7 billion, and has started moving these funds for the first time in two weeks.
The transactions involved nearly 96,000 BTC, worth over $6 billion, being moved to two unknown wallets, while the initial 44,527 BTC was transferred to a known Mt. Gox cold wallet.
Mt. Gox’s cold wallet transfers over 140,000 BTC in a significant move after two weeks of inactivity, causing market concerns.
In three hours on July 16, Mt. Gox transferred over 140,000 Bitcoin, valued at nearly $9 billion, to a known cold wallet and two unidentified addresses.
Arkham Intelligence data reveals that Mt. Gox still possesses 138,985 Bitcoin (BTC) in its main wallet, amounting to approximately $8.7 billion, and has started moving these funds for the first time in two weeks.
The transactions involved nearly 96,000 BTC, worth over $6 billion, being moved to two unknown wallets, while the initial 44,527 BTC was transferred to a known Mt. Gox cold wallet.
11 months ago
