The Mt. Gox cold wallet transferred a total of 42.879k BTC t

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The Mt. Gox cold wallet transferred a total of 42.879k BTC to an unmarked addresses. The exchange plans to distribute 142,000 BTC and 143,000 BCH to creditors by October 31, 2024.

The Mt. Gox cold wallet transferred a total of 42.879k BTC to an unmarked addresses. 
The exchange plans to distribute 142,000 BTC and 143,000 BCH to creditors by October 31, 2024.

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Why Did Bitcoin Drop from $70k+ to $67k+? Today's market turbulence is largely due to Mt.Gox unexpectedly transferring billions in Bitcoin to new addresses. ▪️This morning, 42,830 BTC ($2.94bn) was moved to an unknown address ▪️Later, another 64,636 BTC ($4.2bn) was transferred ▪️By day's end, an additional 34,138 BTC ($2.3bn) was transferred In total, over $9.44bn worth of Bitcoin was moved in a single day. These transfers are part of the Mt.Gox Rehabilitation Plan, where trustee is moving coins to a different wallet in preparation of the distribution that will likely happen this year. The former CEO of Mt.Gox assured that “there is no imminent sale of bitcoins happening.”

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