$BTC

65k=>62.9 Cause

A known Bitcoin wallet associated with Mt. Gox transferred nearly $2.7 billion in BTC to an unknown address (18vjn…ct9b), as recorded on blockchain analysis platform Arkham.

This massive move comes just minutes after a Mt. Gox experimental transfer of 0.021 BTC to an unknown address.

Earlier this month, Mt. Gox transferred over 47,000 BTC to the new wallet.

These moves come ahead of preparations to return about $9 billion in Bitcoin to creditors.

This defunct exchange filed for bankruptcy in February 2014 following several major thefts, with a total of more than 950,000 BTC stolen.

Bitcoin prices fell from around $65,000 to around $63,000 in the hours surrounding recent transfers.

Mt.Gox will not have much impact on BTC price