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News Explorer — Mt. Gox Transfers $7 Billion Worth of Bitcoin to Unknown Address—Possibly to Repay Creditors

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May 28, 6:01 am
Coindesk

Mt. Gox Transfers $7 Billion Worth of Bitcoin to Unknown Address—Possibly to Repay Creditors

Over 107,000 bitcoin, valued at around $7 billion, were transferred from Mt. Gox's wallets to an unknown address. Mt. Gox, once the largest bitcoin exchange, closed in 2014 after losing hundreds of thousands of bitcoin in a hack. The transfers, done over thirteen transactions, are likely part of a plan to distribute the assets back to creditors before October 31, 2024.

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