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Tag Archives: mt gox

Mt. Gox Shifts $2B in BTC to New Accounts Amid Ongoing Debt Settlements

Defunct Bitcoin exchange Mt.Gox has moved 32,371 BTC worth an estimated $2.19 billion to three new addresses. Several on-chain transaction trackers caught the movement, including Spot On Chain and Arkham Intelligence. Bitcoin Transferred to New Wallets Spot On Chain’s data shows the platform initially moved 30,371 BTC to a wallet starting with 1FG2…Rveoy. It then sent another 2,000 BTC, priced at nearly $130 million, to one of its known cold wallets, 1JbezD…EvhKLAPs6, before...

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BitGo Moves $2 Billion Of Mt. Gox Bitcoin

On-chain analysis platform Arkham Intelligence sounded the alarm on Tuesday as $2 billion worth of Bitcoin connected to Mt. Gox moved from a blockchain address connected to crypto exchange BitGo. According to Arkham, a wallet that had received $2.19 billion from the long-defunct Bitcoin exchange began initiating test transactions early Tuesday. The firm said the wallet likely belonged to BitGo – the fifth and final exchange responsible for handling distributions to Mt. Gox...

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Here’s Why Bitcoin’s Net Flows to Exchanges Have Hit a Yearly High: ITB

Since the beginning of the month, bitcoin (BTC) flows into crypto exchanges have been on the rise. This is primarily due to creditor distributions by the rehabilitation trustee of the defunct BTC trading platform Mt. Gox. Data from blockchain analytic platform IntoTheBlock has revealed that July 25 saw the exchange BTC net flows hit a yearly high of $2.8 billion. Crypto trading platforms saw similar BTC inflows in mid-March, about two months after the United States spot...

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Are Mt. Gox Creditors HODLing The Newly-Received BTC?

Beginning in early July, the defunct crypto exchange – Mt. Gox – initiated repayments to creditors affected by the 2014 hack. While Kraken has completed the distribution of all the Bitcoin and Bitcoin Cash owed to Mt. Gox creditors, the former’s price remained stable. This could be due to the fact that creditors on Kraken have refrained from offloading their tokens. Mt Gox’s repayments had sparked significant concerns among crypto investors, who feared that many of the...

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