$2.8bn Bitcoin transfer from Mt. Gox

Mt. Gox exchange, which carried out a trial transfer with 0.021 BTC yesterday morning. Gox exchange made more than 42,000 BTC transfers worth $2.85 billion this morning. 37,000 of these BTCs were sent to an unknown address and 5 thousand to another cold wallet of the exchange. After the transfer, Bitcoin dropped to $66,300. The US government also sent about $4 million worth of Bitcoin to Coinbase.

$2.8bn Bitcoin transfer from Mt. Gox

Update: At around 9.30 a.m. PT, Mt. Gox cold wallets, there was another $340 million BTC outflow. Of this figure, $149 million was sent to the Bitstamp exchange and $191 million to an unknown address.

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Mt. Gox exchange started Tuesday morning with large Bitcoin transfers. While 37,477 Bitcoins were sent from the exchange’s cold wallet to an unknown address, 5100 BTC was transferred to another cold wallet of Mt. Gox was transferred to another cold wallet. The total value of BTCs is worth approximately $2.85 billion.

Decline in Bitcoin

Bitcoin, which exceeded $68,000 last night with Sunday evening, when US President Joe Biden announced his withdrawal from the elections, but fell again, fell below $67,000 with these transfers. In the minutes when the news was written, Bitcoin is trading around $66,300.

Mt. Gox had 90,000 Bitcoins left before the last distributions. Last week, more than 40,000 BTC were sent to the Kraken exchange. Yesterday’s trial transfer was also reportedly made to the Bitstamp exchange. Therefore, today’s large transfer may also have been made to the Bitstamp exchange. The bankruptcy administration started BTC distributions at the beginning of July and sent to BitBank and SBI VC Trade exchanges in the first place.

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