Mt. Gox Sees Large On-Chain Movement Again After Six Months, Transferring Over 10,000 BTC

BlockBeats News, June 2nd, according to on-chain analyst @ai_9684xtpa, the affiliated wallet of the bankrupt exchange Mt. Gox conducted a large Bitcoin transfer today. Approximately 6 minutes ago, its cold wallet moved 10,423 BTC to a new address, worth around $739 million at the current price. Currently, these BTC are still held in the receiving address and have not been further transferred, with the specific purpose undisclosed.

Meanwhile, Mt. Gox also transferred 116 BTC to its hot wallet, worth about $8.25 million. This is a rare large-scale on-chain movement from Mt. Gox-related addresses since the end of last year, attracting market attention.

As of the time of writing, the related BTC has not been sent to exchange addresses, and no direct signs of selling have been observed.