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Author: Admin | 2025-04-27
Transactions ranged from $1.2 million to $2.2 billion worth of bitcoin.All of Mt.Gox's bitcoin has now effectively been moved to a single bitcoin wallet, Bitinfocharts data shows.This is the first movement of assets from Mt. Gox's cold wallets in over five years and is likely a part of a plan to distribute the assets back to creditors before October 31, 2024.All coins have been transferred to a new address “1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6,” CryptoQuant head of research Julio Moreno said in an X post.Alex Thorn, head of research at Galaxy, said in an X post that he expected most of the transferred bitcoin to be held by creditors, instead of being sold on the open market.Outflows from Mt. Gox addresses continue: Now a total of 42,829 Bitcoin have moved out from Mt. Gox addresses in the last few hours.All coins have been transferred to a new address: 1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6 pic.twitter.com/s19TtkMP3i— Julio Moreno (@jjcmoreno) May 28, 2024Still, market participants appeared to turn bearish on the movements with bitcoin shedding 1.4% since the start of Asian trading hours. It dropped to as low as $67,680 after a Monday high of over $70,000.Shaurya MalwaShaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP,
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