The Crypto Basic - The defunct Mt. Gox exchange transferred over $9.5 billion in Bitcoin to an unknown wallet, raising concerns of a potential cryptocurrency market dump by creditors receiving long-awaited repayments

in blockchain •  8 months ago 

https://thecryptobasic.com/2024/05/28/mt-gox-empties-over-140k-btc-worth-9-5b-is-a-dump-incoming/
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In a surprise move, the defunct Mt. Gox exchange transferred over $9.5 billion worth of Bitcoin to an unknown wallet, sparking concerns of a potential sell-off by creditors receiving their long-awaited compensation.

This large-scale transfer comes after a lengthy process to resolve Mt. Gox's insolvency issues, where some creditors opted to receive Bitcoin instead of cash.

Analysts are closely watching the situation as it could have a significant impact on the cryptocurrency market.

Beware of the potential dump!!

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blockchain horror dump mt-gox billion bitcoin creditors repayments
8 months ago by

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      ·  8 months ago 

    Upvoted! Thank you for supporting witness @jswit.

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