Articles for tag: Bitcoin exchange, BTC transfer, Cryptocurrency market, investor reactions, Mt. Gox, security breach, sell-off concerns

March 12, 2025

Mt. Gox Liquidation Triggers Market Concerns: What Traders Need to Know

Mt. Gox, the now-insolvent Bitcoin exchange, has made headlines by transferring 11,833.6 BTC, worth about $931 million, to new wallets, raising concerns within the crypto community. According to blockchain research, this move includes two major transactions: one sending over 11,500 BTC to an unknown wallet and another transferring 332 BTC to a hot wallet. Historically, ...

March 11, 2025

Market News

Crypto

Mt. Gox Transfers $930M in Bitcoin as Payout Deadline Approaches: What Investors Need to Know

Recently, Bitcoin linked to the defunct Mt. Gox exchange moved significantly, stirring speculation about possible creditor payouts. On Tuesday, a Mt. Gox wallet transferred nearly 11,834 BTC, valued around $930 million, with a portion going to an operations wallet, potentially for creditor distributions. This movement follows a recent $1 billion reshuffling of assets and a ...