"Mt. Gox Moves $9B in Bitcoin to Unknown Address, Prompting 1.4% BTC Price Dip; Part of Creditor Repayment Strategy

"Mt. Gox Moves $9B in Bitcoin to Unknown Address, Prompting 1.4% BTC Price Dip; Part of Creditor Repayment Strategy - First Major Wallet Activity in 5 Years"

Mt.Gox Transfers $9B Bitcoin to Single Address as Part of Repayment Plans, Sparking BTC Price Plunge

Over 140,000 BTC, worth around $9 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.The market reacted bearishly to these movements, with Bitcoin dropping by 1.4% to as low as $67,680 after reaching a high of over $70,000 on Monday.Wallets belonging to the defunct Bitcoin exchange Mt. Gox transferred over 140,000 bitcoin (BTC), valued at around $9 billion, to an unknown address starting...