【Big Moves in Bitcoin! Mt. Gox Makes a Comeback】

The long-bankrupt cryptocurrency exchange Mt. Gox has new developments! According to data from Arkham Intelligence, Mt. Gox transferred 11,834 bitcoins to an unmarked address on Wednesday, worth over $1 billion. This is the first large-scale transaction since the end of January.

Meanwhile, the exchange also transferred 166.5 bitcoins to its cold wallet, valued at approximately $1.512 million. Mt. Gox was once the largest bitcoin exchange in the world, filing for bankruptcy in 2014 after losing 800,000 bitcoins.

Creditors are still waiting for the return of their bitcoins, with the recent repayment deadline extended to October 31, 2025. What does everyone think of this transfer? Feel free to discuss in the comments!