Mt. Gox Moves $2.2 Billion in Bitcoin Following Repayment Timeline Extension
The defunct crypto exchange has transferred its largest Bitcoin batch in months, a week after extending its repayment timeline.

Mt. Gox moved another $2.2 billion worth of Bitcoin on Monday amid an extended period of volatility that has seen the crypto oscillating between $73,000 and $65,000 over the past few weeks.

The defunct crypto exchange's recent transfer was identified through wallets tracked by blockchain analytics firm Arkham Intelligence, which disclosed the movement of 32,371 BTC, with the majority—30,371 BTC—directed to wallet address "1FG2C…Rveoy." 

An additional 2,000 BTC was initially moved to a Mt. Gox cold wallet before being transferred to a separate unmarked wallet, Arkham data shows.

It comes as Bitcoin briefly slid below $68,000 during Asian market trading, recording a 1% decline over 24 hours. The asset has since clawed back losses, trading at $68,700.

Market analysts anticipate heightened volatil…