Breaking News: Mt. Gox Transfers $2.5 Billion Worth of Bitcoin – Who Is Behind the Mystery Wallets?
In a shocking turn of events, Whale Alert reports that a staggering 37,477 BTC, valued at over $2.5 billion USD, have been moved between unknown wallets in the crypto market. The big question on everyone’s mind is: who is the mastermind behind these anonymous transactions?
Arkham Intelligence has shed some light on the situation, revealing that both the sender’s and recipient’s addresses are linked to none other than Mt. Gox. Originally known for trading cards in the game “Magic: The Gathering,” Mt. Gox became a powerhouse in the crypto exchange world in 2010, dominating over 70% of all Bitcoin transactions by 2014. However, the exchange faced a series of hacking incidents that led to significant losses and its eventual bankruptcy in 2014.
But what’s the deal with Mt. Gox now? The exchange has been making headlines as it attempts to repay creditors after its bankruptcy. Recent transfers of BTC from Mt. Gox’s wallets are believed to be part of this repayment process, with the exchange gearing up for creditor payouts.
Spot On Chain reports that Mt. Gox recently moved a hefty 2,239 BTC, totaling $149 million, to Bitstamp. Earlier in July, the exchange deposited 1,545 BTC ($83.5 million) to Bitbank, followed by a massive transfer of 48,641 BTC ($3.06 billion) to a Kraken deposit wallet. And just today, Mt. Gox sent another 2,239 BTC ($149 million) to Bitstamp.
In response to these transactions, the price of Bitcoin has dipped by around 1.3%, with the leading cryptocurrency now trading at $66,666.
In conclusion, the crypto world is abuzz with the latest Mt. Gox developments, as the exchange works to settle its debts and repay creditors. Keep an eye on how these transfers continue to impact the market and the price of Bitcoin in the coming days. Stay tuned for more updates on this billion-dollar mystery.