Updated: July 16, 2024 5:05 AM EDT
At 6:49 a.m. UTC on Tuesday, a Bitcoin wallet known to be associated with Mt. Gox was sent. Almost 42,588 Bitcoin
+0.59%
This massive move followed what was believed to be a test transaction at 5:13 a.m. UTC, where a Mt. Gox wallet transferred 0.021 BTC ($1,320) to an unknown address. At 6:39 a.m. UTC, Mt. Gox also transferred 44,000 BTC ($2.8 billion) internally.
In a subsequent transaction at 8:12 a.m. UTC, another Mt. Gox-labeled address sent over 48,641 BTC ($3.1 billion) to an unlabeled address, “3JQie.”
Earlier this month, Mt. Gox moved approximately 47,229 BTC to a new wallet.
The move comes ahead of the repayment of about $9 billion worth of Bitcoin to creditors.
The closed exchange filed for bankruptcy in February 2014 after multiple robberies resulted in the theft of 950,000 BTC.
In the hours following today’s latest transfer, the Bitcoin price fell from around $65,000 to around $63,000.
According to Arkham, Mt. Gox still holds approximately 139,000 coins, worth more than $8.7 billion at current prices.
Additional information has been updated.
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