Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
ZyCrypto 2025-03-11 14:34:50

Mt. Gox Moves Over $930 Million Worth Of Bitcoin To Unmarked Wallet Amid Market Carnage

Mt. Gox Moves Over $930 Million Worth Of Bitcoin To Unmarked Wallet Amid Market Carnage

According to blockchain analytics firm Lookonchain, an address containing a large amount of Bitcoin owned by the long-defunct cryptocurrency exchange Mt. Gox just moved funds. The transfer came as Bitcoin’s price plummeted to a four-month low amid growing trade tensions and concerns over inflation. New Bitcoin Batch Moved By Mt. Gox At around 8:15 p.m. ET, Mt. Gox transferred a new batch of 11,833 Bitcoins, worth a crazy $931.19 million in fiat. The vast majority of these coins (11,501 BTC) were transferred to an unlabeled wallet address on March 11, while the remaining 332 BTC was sent to Mt. Gox’s warm wallet. It comes less than a week after Mt. Gox moved 12,000 BTC worth a little over $1 billion on March 6. The timing of this latest transfer coincides with Bitcoin’s brief fall to $76,700 lows, recording a 1.6% decline over 24 hours. The maiden crypto has since clawed back losses, trading at $81,332, according to CoinGecko data. As of now, Mt. Gox-linked entities retain ownership of roughly 35,915 Bitcoins across several wallets, valued at approximately $2.9 billion at current market prices. Mt. Gox Reimbursing Its Creditors Launched in 2010, Mt. Gox was once the biggest Bitcoin exchange, handling around 70% of all Bitcoin trades worldwide in 2013. However, Mt. Gox went under in early 2014 after being hacked for approximately 850,000 BTC, which forced the infamous Tokyo-based exchange to declare bankruptcy. At the time, 850,000 BTC was equivalent to around 7% of all Bitcoin in circulation. That’s why in the past, news about Mt. Gox creditor repayment has significantly swayed market sentiment. While several creditors received repayments through established crypto exchanges, including Kraken and Bitstamp exchange, the trustee in charge of the bankrupt exchange’s Bitcoin stash extended the repayment deadline to Oct. 31, 2025. The repayment process represents one of the crypto industry’s longest-running recovery efforts.

Most Read News



Cryptohopper
Market Cap
24h Vol
60.37%
Bitcoin Share
277
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.