Defunct Exchange Mt. Gox Moves $1B in Bitcoin to Two Wallets
This is the third significant on-chain movement of funds by the exchange in four weeks.
Mt. Gox
Mt. Gox Postpones Repayment Deadline to 2025, Allaying Concerns of Bitcoin Selling Pressure
Mt. Gox-linked crypto wallets still hold $2.7 billion of bitcoin after having distributed nearly $6 billion worth of assets to creditors earlier this year, Arkham data shows.
Crypto Wallet Holding $2B Mt. Gox Bitcoin Sends Test Transaction as Distribution Continues: Arkham
Some users in the Mt. Gox creditors channel on Reddit reported receiving funds on their BitGo accounts.
Bitstamp to Start Distributing Mt. Gox Proceeds on Thursday
Customers of the defunct crypto exchange lost their funds in a 2014 hack.
Bitcoin Slips to Near $65K as Mt. Gox Creditors Receive Assets on Kraken
The imminent distribution of nearly $9 billion worth of bitcoin and bitcoin cash to Mt. Gox creditors have been a major overhang on crypto markets, with investors concerned about how much of those assets will be sold.
Mt. Gox Creditors Reportedly Hit By Failed Login Attempts Amid Repayments
Users claim to have received as many as 22 login attempts from the Mt. Gox portal, ones that they did not initiate.
Bitcoin Hits $65K Shaking Off Mt. Gox Payout Worries; XRP Leads Crypto Rally
The Mt. Gox distribution will not end the bullish trend, CryptoQuant CEO noted.
Crypto Market Rebound Expected in August, Liquidations to Finish by July-End: JPMorgan
The bank reduced its year-to-date crypto market net flow estimate to $8 billion due to a decline in bitcoin reserves across exchanges in the past month.
Bitcoin Rebounds Toward $60K, but Choppiness Likely to Persist: Analysts
The market will have to absorb between $4-$6 billion worth of bitcoin selling pressure throughout the summer months, weighing on prices, K33 Research said.
Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash
The news of the repayments added selling pressure on bitcoin and the larger crypto market after Mt. Gox announced last month its intention to start repayments in July.