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

In a significant development, Mt. Gox has transferred over 47,500 BTC to unknown addresses, significantly reducing its Bitcoin reserves.

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 Gox’s current holdings stand at 90,344 Bitcoin (BTC), worth $6.02 billion, but this is outdated, and now stand around 42,744 BTC worth $2.85 billion.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

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In a significant development, Mt. Gox has transferred over 47,500 BTC to unknown addresses, significantly reducing its Bitcoin reserves.
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 Gox’s current holdings stand at 90,344 Bitcoin (BTC), worth $6.02 billion, but this is outdated, and now stand around 42,744 BTC worth $2.85 billion.Following the defunct exchange’s repayments statement on July 5, its established plans to “promptly” carry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.Read more