💸 Mt. Gox Transfers $9B Bitcoin to Single Address As Part of Repayment Plans

💸 Mt. Gox, the defunct Bitcoin exchange, transferred over 140,000 BTC to an unknown address in 13 transactions early Tuesday. This move is likely part of plans to repay creditors by October 2024.

🔽 The market reacted bearishly, with Bitcoin dropping 1.4% to $67,680 after hitting $70,000 on Monday amid expectations of selling pressure. However, the rehabilitation trustee stated no sale had occurred and the coins were being “managed in a secure manner.