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. Reportedly, 11,834 BTC have been transferred, with 11,502 BTC going to a new wallet, while the remaining portion has been moved to a hot wallet. This movement occurred following a $1.07 billion BTC transfer at the beginning of March and a subsequent $15 million transaction (CoinDesk, 2024). After the major hack attack in 2014 that led to its bankruptcy, Mt. Gox has decided to make BTC and Bitcoin Cash (BCH) payments to creditors, starting repayments that will last from July 2024 to October 2025 (Reuters, 2024).