MT. GOX’S NEW BTC TRANSFERS ....

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Mt. Gox has caused unease in the cryptocurrency market with its recent high-volume Bitcoin (BTC) transfers. It has been reported that approximately 11,834 BTC were transferred, of which 11,502 BTC were moved to a new wallet, while the remaining part was transferred to a hot wallet. This movement occurred after a BTC transfer worth $1.07 billion at the beginning of March and a subsequent transaction of $15 million (CoinDesk, 2024). After the major hack attack in 2014, Mt. Gox, which went bankrupt, decided to make BTC and Bitcoin Cash (BCH) payments to creditors and has begun repayments that will last from July 2024 to October 2025 (Reuters, 2024).