🚨🚨🚨 JUST IN ..

MT GOX HAS MOVED 47,228 $BTC WORTH OF $2.71 BILLION TO A NEW WALLET ..😱😱😱

As Reported by ArkhamIntel, Mt Gox moved 47,228 $BTC ($2.71 billion dollars) from cold storage to a new wallet.

Mt Gox stated that all the necessary preparations has been completed to refund the claiments early July....

Mt. Gox bankruptcy trustee on June 24, 2024, declared that reimbursements would begin at the start of July. The disbursements will be made in BTC and Bitcoin Cash (BCH) and sent to designated exchanges. 

Approximately $9 billion worth of $BTC  and $50.8 million in Bitcoin Cash are expected to be distributed to 127,000 Mt. Gox creditors.

This announcement follows a lengthy wait of ten years and three months by creditors for reimbursement. Mt. Gox ceased operations on February 24, 2014, when it halted all trading and took its website offline. Nobuaki Kobayashi, the trustee, stated that the debtor had taken time to ensure safe, reliable, and compliant repayment arrangements. 

History of Mt. Gox..

Mt. Gox was once the world’s top crypto exchange, handling over 70% of all Bitcoin transactions in its early years. In early 2014, hackers attacked the exchange, resulting in the loss of an estimated 740,000 BTC, worth $15 billion at current prices. The hack was the biggest of many attacks on the exchange between 2010 and 2013.

"Brace Yourselves for Another Bumpy Ride ..."