Home web3.0 Mt.Gox transferred 95,000 Bitcoins to an unknown wallet! BTC falls below $62,500

Mt.Gox transferred 95,000 Bitcoins to an unknown wallet! BTC falls below $62,500

Jul 18, 2024 pm 08:21 PM
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Mt.Gox transferred 95,000 Bitcoins to an unknown wallet! BTC falls below $62,500

This site (120btC.coM): Mt. Gox, once the world's largest Bitcoin exchange, is paying 142,000 BTC to creditors, so it is focused on the market and may bring down Bitcoin. Just after 2 pm and 4 pm today, Arkham data found that the official cold wallet transferred 47,200 and 48,600 BTC respectively to two addresses starting with 18vjn and 3jQie that have not yet been marked (worth up to approximately US$5.9 billion).

Mt.Gox transferred 95,000 Bitcoins to an unknown wallet! BTC falls below $62,500

Although it is still unclear whether the huge amount of 90,000 coins is a repayment transferred to the exchange (it may be an official wallet arrangement), it has caused panic in the community, and BTC hit $65,000 this afternoon. It also continued to fluctuate and fall. At the time of writing, it was trading at $62,369, but it fell by 0.56% in the past 24 hours.

It may take up to three months for Mt.Gox creditors to receive repayment

On July 5, Mt.Gox released documents showing that it has begun to repay debts to creditors through various cryptocurrency exchanges as planned. However, Mt.Gox stated that due to the different cryptocurrency exchanges through which creditors receive repayment, the specific time for them to receive repayment will also vary. For example:

  • Kraken’s repayment time is within 90 days

  • Bitstamp is 60 days

  • BitGo is 20 days

  • SBIVC Trade and Bitbank are both 14 days.

Screenshots have been circulated on the community, indicating that Japanese creditors have received repayments of BTC and BCH; others have also stated that they have received cash repayments sent by international wire transfers.

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