CandleFocus Mt. Gox Makes New Transfers After Bitcoin Plunges to $92K
2024-12-06
Author: Content Editor
Summary: Mt. Gox, the defunct exchange that went bankrupt in 2014, has recently transferred $352.69 million worth of Bitcoin to new wallets. The transfer occurred after Bitcoin's price flash-crashed from an all-time high to $92,980. A total of $892.78 million in cryptocurrency was liquidated in the past 24 hours. Mt. Gox had sent a significant amount of Bitcoin to a new wallet when the price surpassed $100,000. Despite Mt. Gox's previous transactions, Bitcoin rallied in November. The exchange began the process of redistribution in June and its repayment deadline has been delayed to late 2025.
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