NEW BTC TRANSFERS FROM MT. GOX ON THE AGENDA OF THE MARKET

#Mt.Gox #elg #escoin #doge #BTC

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, with 11,502 BTC going to a new wallet and the remaining portion transferred to a hot wallet. This movement occurred after a transfer of BTC 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 that led to its bankruptcy, Mt. Gox 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).