Long-collapsed cryptocurrency exchange Mt. Gox transferred more than 24,000 bitcoins worth about $2.47 billion to an unknown address on December 5 after the cryptocurrency reached the $100,000 milestone. I moved it.
According to Arkham Intelligence data, the exchange moved 24,051 Bitcoin (BTC) to an unknown address starting with “1N7j” at 2:45 a.m. UTC on December 5 in its first transfer since November 12.
Mt. Gox’s move came just 12 minutes after Bitcoin surpassed $100,000 and less than 30 minutes before Bitcoin hit a high of $104,000 on Coinbase at 3:08 a.m. UTC, according to TradingView.
After going bankrupt in early 2014, Mt. It is not known why Gox transferred some of its holdings, but similar moves in the past were a precursor to the defunct exchange making payments to creditors.
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This is a developing story and additional information will be added as it becomes available.