Mt. Gox Former CEO Explained the Reason for the $9 Billion Bitcoin Transaction.

Bitcoin exchange Mt. Gox's former #CEO explained the reason for the multibillion-dollar transaction made earlier today.

Mt. Gox's former #CEO , Mark Karpelés, said: "The trustee is transferring the coins to another wallet to prepare for the distribution, which is likely to be made this year. Bitcoin is not sold for now."

Mt. Gox sent more than 140 thousand Bitcoins worth approximately $9 billion to a newly opened wallet this morning.

Mt., the largest Bitcoin exchange after opening in 2010. Gox closed after a hack attack that resulted in the theft of hundreds of thousands of #BTC . Mt. Gox users have been waiting for the exchange to issue a refund since then.

Mt. Gox trustee announced that the coins lost by users will begin to be refunded by October 2024.
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