Bankrupt cryptocurrency trading platform Mt. Gox has transferred approximately $2.2 billion worth of Bitcoin to unmarked wallet addresses, according to data from blockchain analytics firm Arkham.

On Monday evening, Mt. Gox moved around 32,371 BTC to two separate wallets, making this the largest transfer seen from the exchange in recent months. This substantial transaction has drawn attention from market observers as the exchange continues its efforts to repay creditors.

Mt. Gox Transfers 32,371 BTC to Unmarked Wallets

According to Arkham’s blockchain data, Mt. Gox transferred around 32,371 BTC, valued at roughly $2.19 billion, to two unknown wallet addresses on Monday. Of this total, approximately 30,371 BTC was moved to a wallet identified as “1FG2C…Rveoy,” while another 2,000 BTC went to a wallet labeled “1Jbez…LAPs6.”

The transfer also included an internal movement of 2,000 BTC from one of Mt. Gox’s cold wallets to another, indicating that the exchange may be reorganizing its assets as part of the repayment process.

This transaction follows a smaller transfer last week, when Mt. Gox moved 500 BTC to two unidentified wallets. The latest activity marks the first major movement from Mt. Gox since late September, raising questions about the timing and purpose of these transfers.

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Filed under: News - @ November 5, 2024 2:06 am