🚨 MT. GOX Transfers: What You Need to Know

The defunct Bitcoin exchange Mt. Gox, once handling over 70% of global BTC transactions, is making headlines again with recent large-scale transfers. After its catastrophic 2014 collapse (losing 850K BTC), these movements are likely tied to its long-awaited creditor repayment process, approved in late 2021.

Over $9 billion in BTC is set to be returned to victims, sparking concerns about potential market volatility. While some fear a sell-off if creditors cash out, others believe holders may retain their assets, softening the impact.

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