Bitcoin transfer from Mt. Gox: $2.2 billion in danger.

According to data from blockchain analysis firm Arkham, Mt. Gox transferred approximately 32,371 BTC ($2.19 billion) to wallets on Monday.

This large transfer was recorded as the largest movement by Mt. Gox in recent months. The bulk of the $2.19 billion transfer, 30,371 BTC, was sent to the wallet address “1FG2C…Rveoy.” In addition, 2,000 BTC were transferred to Mt. Gox’s cold wallet address “1Jbez…LAPs6.” The 2,000 $BTC in question were then moved to another unmarked wallet address “15gNR…a8Aok.”

It is not yet clear whether the transfer made on Monday is part of future distributions to creditors. However, similar movements in the past have occurred before refunds via exchanges such as Bitstamp and Kraken. Crypto investors are worried about Mt. Gox’s latest transfer. The downward trend in the market has made this transfer even more critical.

Last month, Mt. Gox announced that it was postponing the repayment date from October 31, 2024 to October 31, 2025. This postponement is of great concern to thousands of creditors who are waiting to get their money back from Mt. Gox.

Founded in 2010, Mt. Gox was the world’s largest crypto exchange until it suffered a major security breach in 2014. At least 850,000 BTC was lost as a result of this attack. Thousands of creditors have been waiting for months to get their lost Bitcoin back. It is not yet clear how this process will end.

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