Why Did Mt. Gox Move $172 Million in Bitcoin? Mystery Intrigues the Market
Cryptocurrency exchange Mt. Gox, which filed for bankruptcy in 2014, recently moved 1,620 Bitcoins (worth around $172.5 million) to new, unknown wallets. This move comes shortly after the reallocation of more than 24,000 BTC in early December, when Bitcoin surpassed $100,000 for the first time.
According to Arkham Intelligence, the funds were transferred to two separate wallets on December 17, but the reason for these movements remains unknown. Previous Bitcoin movements through Mt. Gox have been associated with creditor payments. The exchange currently holds around 36,085 BTC, valued at $3.86 billion.
