Mt. Gox, a collapsed Japanese cryptocurrency exchange, recently moved $2.2 billion worth of Bitcoins to new wallets due to an extension of its repayment deadline. The exchange moved 32,371 BTC, worth about $2.19 billion, to three new wallet addresses on Monday. This transfer, which was Mt. Gox’s largest in months, came just days after the exchange sent 500 BTC to two new wallet addresses.
The repayment process has been in the works for several years, and the payout to Mt. Gox’s creditors is expected to put serious selling pressure on Bitcoin’s price. The extension of the repayment deadline affects thousands of lenders who lost their assets due to the 2014 hacking attack on the exchange.
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