2024

World

Bitcoin

Edge

<ul class="news-points">
 <li><strong>Defunct Bitcoin exchange Mt. Gox transfers $7.2 billion in Bitcoin.</strong></li>
 <li><strong>Massive transfer raises questions amid ongoing creditor repayment process.</strong></li>
 <li><strong>As of writing, Bitcoin is trading at a daily loss of 1.53% and a weekly decline of 4.87%.</strong></li>
</ul>
<p>Blockchain tracker Whale Alert reported that on the morning of May 28, cryptocurrency wallets controlled by the now-defunct Mt. Gox transferred approximately 107,547 BTC (equivalent to 7.2 billion USD) to an unknown wallet.</p>
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<p>Whale Alert’s initial report detailed a transfer of 3,999 Bitcoins (worth roughly $277 million) from Mt. Gox to an unknown wallet. This move sparked significant interest within the crypto community, especially considering Mt. Gox’s ongoing <a href="https://coinedition.com/mt-gox-creditors-receive-japanese-yen-repayments-via-paypal/" rel="noopener noreferrer nofollow">efforts to reimburse</a> creditors affected by its 2014 collapse. For those uninitiated, Mt. Gox was a Japanese-based crypto exchange that collapsed in 2014.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 3,999 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> (277,654,876 USD) transferred from <a href="https://twitter.com/hashtag/MtGox?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MtGox</a> to unknown wallet<a href="https://t.co/hIjDOB73kC" target="_blank" rel="noopener noreferrer nofollow">https://t.co/hIjDOB73kC</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1795269301533901172?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 28, 2024</a>
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<p>Once one of the largest Bitcoin trading exchanges, Mt. Gox was forced to close after a major hack that affected over 24,000 customers and resulted in the loss of hund…</p>
<p>The post <a href="https://coinedition.com/mt-gox-makes-surprise-return-with-massive-bitcoin-dump-crypto-world-on-edge/" rel="noopener noreferrer nofollow">Mt. Gox Makes Surprise Return with Massive Bitcoin Dump, Crypto World on Edge</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Mt. Gox Makes Surprise Return with Massive Bitcoin Dump, Crypto World on Edge

Coin Edition

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