Bitcoin wallet tagged as Mt.Gox transferred nearly $2.93 billion in BTC, the asset hovers at around $68,000

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Bitcoin hovers around the $68,000 level on May 28, Tuesday as market participants brace for Mt.Gox transfers of BTC.

Crypto on-chain trackers have traced several transfers totaling $2.93 billion from a wallet tagged as Mt.Gox. The BTC wallet that received the transfer holds over 42,909 Bitcoin per blockchain intelligence firm PeckShield. Bitcoin hovers around $68,000 on Tuesday, wiping out 2.30% of its value on the day. The defunct crypto exchange’s wallet, tracked by on-chain intelligence trackers, have made BTC transfers to a new wallet. The new wallet holds nearly $2.

Some creditors said they had received updates on their claims, and users shared details on social media platforms, stating that the exchange has stepped up its efforts to pay back lost assets. Updates on Reddit and social media platform X show the number of crypto tokens to be returned, alongside repayment dates in some claims. Blockchain intelligence firm PeckShield identified the transfers from wallets tagged as Mt.Gox and shared the details in a tweet on X.

 

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Mt.Gox Moves $7B Bitcoin as Part of Repayment Plans, Sparking BTC Price PlungeShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Source: CoinDesk - 🏆 291. / 63 Read more »