Mt. Gox moved at least $2.9 billion worth of Bitcoin for the first time in five years.
Updated: May 27, 2024, 11:31 PM EDT
According to data from Arkham Intelligence, Mt. Gox appears to have transferred more than 42,830 BTC, worth approximately $2.9 billion, from cold wallets.
The Bitcoin exchange, which went bankrupt in 2014, transferred assets to an unknown address in several transactions as of 11 a.m. Hong Kong time on the 20th. data showed it
The move comes after Mt. It was the first time in five years that Gox had transferred assets from his wallet. Mt. Gox still holds about $9.42 billion worth of Bitcoin in verified wallets tracked by Arkham.
In September 2023, the trustee of Mt. Gox will be presentation The repayment deadline has been postponed by 12 months to October 31, 2024.
Mt. Trustee Gox did not immediately respond to The Block’s request for comment.
Launched in 2010, the Tokyo-based platform gained popularity and became the largest Bitcoin exchange by 2013. 70% However, all withdrawals were halted when the company ceased trading in early 2014. The site soon went offline and the company filed for bankruptcy protection after losing more than 800,000 bitcoins.
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