Bitcoin: Will Mt. Gox repayments crash the market?

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Mt. Gox begins debt repayment, moving 44,527 BTC and sparking fears of mass selling, causing BTC to dip below $63,000 with 787,506 active addresses.

Mt. Gox’s repayment moves 44,527 BTC internally, triggering market concerns and renewed selling pressure.

Mt. Gox collapsed in 2014 following a major hack that resulted in the loss of hundreds of thousands of. The exchange has now started repaying its debt, initiating a series of transactions. Shortly after, a larger movement of 44,527 BTC, valued at approximately $2.84 billion, was recorded. These transactions suggest the exchange is preparing to distribute funds to creditors.saw a Mt. Gox-linked wallet move 47,000 BTC, valued at about $2.7 billion, to a new wallet.

 

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