According to data from the two on-chain tracking platforms Spot On Chain and Arkham Intelligence, the Bitcoin exchange Mt. Gox transferred 32,371 BTC from its trust wallet address to two new addresses yesterday, with a total value of approximately $2.19 billion. This is the largest fund movement by Mt. Gox since July when it transferred 33,105 BTC. This transfer of Bitcoin is the largest wave recently, and the trust team is ready to continue repaying debts to users.
The repayment deadline for Mt. Gox's debts has been extended to October 31, 2025, due to some creditors not completing the necessary account verification procedures and system errors that caused some creditors to receive double payments. To date, over 17,000 creditors have received compensation in BTC and BCH.
The previous Mt. Gox debt repayment has been confirmed to have little impact on the cryptocurrency market. We also believe this transfer did not cause any shock to the market. Bitcoin is currently continuing towards $72,000 and has not been affected by the Mt. Gox fund transfer. The election situation is likely the biggest factor influencing prices this week, surpassing any market news.
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"MICA Daily｜Mt. Gox wallet transfers a large amount of Bitcoin again, but investors need not worry" This article was first published on (BlockKe).
