Mt. Gox Transfers $950M Bitcoin, Creditors Hopeful
Update: 2025-11-18
Description
Mt. Gox, once the worlds largest Bitcoin exchange, has transferred over ten thousand Bitcoin, valued at approximately nine hundred and fifty million dollars, to new wallet addresses. This significant move, observed by blockchain analytics firm Arkham Intelligence, has sparked excitement in the crypto community, as it could potentially signal the long-awaited repayment to creditors who lost funds during the exchanges collapse in 2014. The transfer, with most of the Bitcoin going to an unknown address and a smaller portion returning to Mt. Goxs active wallet, has brought hope for a resolution to one of the most significant events in early cryptocurrency history.
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