Mt. Gox Moves 10,608 BTC Worth $953.66 Million
Mt. Gox continues asset transfers, sending Bitcoin to Kraken and internal wallets amid ongoing preparations for creditor repayments from the 2014 collapse.
BTC
Summary
On Nov. 18, Mt. Gox transferred 185 BTC (about $16.8M) to Kraken after a test transaction, followed by moving approximately $936M worth of Bitcoin to another internal Mt. Gox wallet. The last major transfer occurred eight months ago, when $77.4M BTC was sent to Kraken for creditor distribution. These transactions suggest continued steps toward eventual repayments connected to Mt. Gox’s 2014 bankruptcy.
Terms & Concepts
- Mt. Gox: A defunct Tokyo-based Bitcoin exchange that collapsed in 2014 after losing hundreds of thousands of Bitcoins.
- BTC: The abbreviation for Bitcoin, the world’s largest cryptocurrency by market capitalization.