❗Bitcoin dips 2% as Mt. Gox wallets move over $5B to unknown wallet❗

Bitcoin (BTC) dipped 2% on May 28 after wallets labeled as belonging to the collapsed crypto exchange Mt. Gox moved 75,021 Bitcoin 

BTC

$67,879

 worth around $5 billion to an unknown wallet — with more transactions coming in by the hour. 

The move is ahead of the defunct crypto exchange’s plan to return BTC holdings to creditors before October.

On-chain movement tracking X account Whale Alert posted a series of updates on May 28 X posts, noting four on-chain transactions of between 3,999 BTC to over 16,500 BTC within one hour.

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