Key Takeaways
- Moved Mt. Gox over 2,300 BTC to an unknown wallet, marking another significant move this month.
- The moves coincide with the price of Bitcoin hitting $100,000, amid Federal Reserve policy changes.
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A wallet associated with the crypto exchange Mt. Gox that didn't lose 2,324 Bitcoin worth $234 million to an unknown wallet early Thursday, according to data from Arkham Intelligence. The latest move occurred amid Bitcoin's rally above $100,000, driven by the expected Fed rate cuts following the latest. inflation report.
The move followed Wednesday's transfer of 2,623 Bitcoin, worth about $255 million, from a wallet labeled Mt. Gox to two addresses, with approximately $10 million reaching B2C2.
The remaining money was distributed to other addresses before landing in a wallet beginning with “14jvfU.”
The not-so-defunct crypto exchange has made several Bitcoin moves this month, including $2.4 billion worth of Bitcoin to an unknown wallet on December 5, followed by more than $350 million the next day.
After these actions, the wallet of Mt. Gox holds approximately 36,000 BTC, valued at $3.6 billion in its wallet.
Although the cause of these movements remains uncertain, historical data suggests that such movements often precede debtor repayments supported by centralized exchanges such as Bitstamp and Kraken.
Recently expanded Mt. Gox's repayment date to October 31, 2025, pushing back the original target of October 31, 2024.
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