#BTC☀ $BTC

The post Mt Gox Moves BTC Worth Over $7B Over Repayment Plans appeared first on Coinpedia Fintech News

The collapsed crypto exchange Mt Gox has reportedly moved 107,547 BTC worth nearly $7.3 billion to an unknown wallet.

This is the first movement of assets from Mt. Gox’s cold wallets in over five years which is a move ahead of the defunct crypto exchange’s plan to return BTC holdings to repay its creditors before October 31st. Whale Alert noted six on-chain transactions of between 3,999 BTC and 32,499 BTC within hours. All of the Mt.Gox’scoin has now been moved to a single Bitcoin wallet.