The bankrupt cryptocurrency exchange Mt.
The bankrupt cryptocurrency exchange Mt. Gox has transferred around $364.4 million worth of Bitcoin to crypto liquidity provider B2C2 Group this month, according to an analysis by Lookonchain. The transfers, which reportedly involve moving 200-300 BTC daily on weekdays since December 5 when Bitcoin surpassed $100,000, suggest a structured approach to liquidating assets.
Mt. Gox still holds a
Mt. Gox still holds a significant amount of Bitcoin, with 36,085 BTC remaining, currently valued at $3.4 billion. This transfer of funds comes as part of the exchange’s strategy to repay creditors, which B2C2 has assisted with previously. Despite the recent transfers, Mt. Gox still holds a substantial amount of Bitcoin.
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