Mt. Gox Begins Bitcoin Repayments After Moving $3.07B Worth of BTC in the Last Hour

According to on-chain data from Arkham Intelligence, the defunct Japanese crypto exchange Mt. Gox has moved Bitcoin worth $3.07 billion in the last hour.

Bankrupt Japanese crypto exchange Mt. Gox has moved Bitcoin (CRYPTO: BTC) worth over $3 billion in the last hour, on-chain data shows.

What Happened: The exchange’s cold wallet (16eAG) moved 47,229 BTC to an unknown address.

Mt. Gox Begins Bitcoin Repayments

Bitcoin price dropped sharply today as Mt. Gox began test trials to move BTC and start making repayments.

Earlier in the Asian trading session, BTC price had tested the $65,000 mark, but the price has now dropped to below $63,000.

On-chain data from CoinGecko shows BTC is currently trading at $62,768, showing a decline of 0.3% in the last hour and a 0.5% drop in the last 24 hours.

At press time, Mt. Gox has 138.985K BTC holdings, as per Arkham Intelligence data, valued at about $8.75 billion.

Mt. Gox began sending out small amounts of BTC two weeks ago, around the same time the German government started selling its 50,000 seized BTC.

Two hours ago, Mt. Gox’s (16ArP) wallet moved 44,0000 BTC, valued at $2.81 billion, to the exchange’s cold wallet. The exchange moved 47.229K BTC, valued at $2.99 billion, to 18vjn….ct9b — an unknown wallet.

The above is the detailed content of Mt. Gox Begins Bitcoin Repayments After Moving $3.07B Worth of BTC in the Last Hour. For more information, please follow other related articles on the PHP Chinese website!