Mt. Gox transfers 11,501.4 BTC worth over $1B to cold and hot wallets
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Mt. Gox, the bankrupt crypto exchange, has been moving significant amounts of Bitcoin (over 11,500 BTC worth approximately $1 billion) across various wallets. These transfers are part of the ongoing creditor repayment process, with the trustee extending the deadline to October 31, 2025. The exchange still holds around 35,000 BTC worth $3.1 billion and is systematically preparing for compensation.
March 25, 2025 | 6:15 am
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Large Bitcoin transfers by Mt. Gox could create market volatility, with over 11,500 BTC moved recently and plans to offload $9.2 billion worth of BTC in June 2024.
Large asset movements can create market uncertainty. However, a Reddit poll suggests creditors are not rushing to sell, which might mitigate potential price drops.
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