Mt. Gox transfers $931M in BTC to unknown addresses amid market uncertainty
Mt. Gox, the defunct crypto exchange, has transferred 11,833.6 Bitcoin, worth approximately $931 million, to new addresses, sparking fears of potential sell-offs.
According to on-chain data from Arkham Intelligence, the Bitcoin transfers, which took place on Mar. 11, saw 11,501.58 Bitcoin Bitcoin
btc
-2.22%
Bitcoin (~$905 million) moved to an unidentified wallet, while 332 BTC (~$26.1 million) was transferred to a warm wallet.

This follows a string of recent actions by Mt. Gox, such as the transfer of more than $1 billion in Bitcoin to a wallet with the name “1Mo1n” on Mar. 6. Today’s transactions were made by that wallet, which is now recognized as an official Mt. Gox address. Mt. Gox still holds about 35,915 Bitcoin, which is worth about $2.85 billion.