A cold wallet associated with Mt. Gox, the defunct cryptocurrency exchange that ceased operations following a major hack in 2014, has made a notable transaction by moving 500 BTC. This transaction, valued at approximately $35 million, took place on Thursday night, as reported by Arkham Intelligence.
Prior to this move, the wallet remained inactive for two months, generating curiosity in the cryptocurrency community. Despite this recent transaction, the wallet still retains about $3 billion in Bitcoin, raising questions about the exchange's future plans.
The reasons behind this movement of funds remain unclear, leaving market observers to speculate about the motivations behind the transaction. As Mt. Gox was once a significant player in the Bitcoin ecosystem, any activity related to its holdings receives substantial attention.
