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Mt. Gox Bitcoin Distribution Nears Its End Following $2 Billion Move, How Much Is Left?
In a recent X (formerly Twitter) post, AI-powered blockchain analytics platform, Arkham Intelligence uncovered a new substantial BTC transfer conducted by Mt. Gox. According to Arkham’s reports, the defunct Bitcoin exchange had moved a whopping 33,960 BTC valued at $2.25 billion on July 31.
The blockchain platform disclosed that Mt. Gox’s massive Bitcoin transfer was probably sent to addresses believed to be owned by BitGo, a digital asset trust company and security firm. Arkham has revealed that BitGo is the fifth and final custodian working directly with Mt.Gox to help return funds back to creditors.
Following its 33,960 Bitcoin transfer, Mt. Gox now holds about 32,899 BTC worth over $2.11 billion. This figure is based on the current price of BTC, which at the time of writing is trading at $64,622 according to CoinMarketCap. 0 reply
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