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Mt. Gox sees $3.2B BTC in outflows in just two hours

CointelegraphCointelegraph2024/07/23 07:13
By:Josh O'Sullivan

Mt. Gox again began shifting funds on July 23, moving over 47,500 Bitcoin (BTC), worth almost $3.2 billion,  to two unknown addresses over the last two hours.

According to Arkham Intelligence data , Mt. Gox’s current holdings stand at 90,344 Bitcoin ( BTC ), worth $6.02 billion, but this is outdated, and now stand around 42,744 BTC worth $2.85 billion.

Following the defunct exchange’s repayments statement on July 5 , its established plans to “promptly” carry out repayments to creditors seem well on their way to completion.

Arkham Intelligence data depicting around 47,600 BTC leaving the Mt. Gox address. Source: Arkham Intelligence

Related:  Mt. Gox shifts $9B in BTC, market braces for impact

This is a developing story, and further information will be added as it becomes available.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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