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Mt. Gox Transfers $855 Million in Bitcoin to Unidentified Wallet, Still Holds $2.7B BTC Cryptonews 21 Aug 2024

Mt. Gox Transfers $855 Million in Bitcoin to Unidentified Wallet, Still Holds $2.7B BTC 💼

Mt.Gox Bitcoin

Crypto exchange Mt. Gox transferred Bitcoin worth over $855 million to unidentified wallets on Wednesday, according to data from Arkham. The data revealed two significant transactions: one for $74 million moved to Mt. Gox's cold storage wallet, and another for $784.2 million sent to an undisclosed wallet address.

Despite these transfers, Mt. Gox still retains $2.7 billion worth of Bitcoin. The motive and implications behind these large transfers remain unclear.

Source: cryptonews.com ↗

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