Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Over 107,000 BTC, worth around $7 billion, were transferred from Mt. Gox wallets to an unknown address in thirteen transactions, possibly as part of a plan to repay creditors by October 31, 2024.
Wallets belonging to the defunct Bitcoin exchange Mt. Gox transferred over 107,000 bitcoin , valued at around $7 billion, to an unknown address starting early Asian morning hours on Tuesday. This is the first movement of assets from Mt. Gox's cold wallets in over five years and is likely a part of a plan to distribute the assets back to creditors before October 31, 2024.
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