Mt. Gox's $2.9B Bitcoin Transfer Sparks Market Panic 📉
The infamous Mt. Gox exchange moved $2.9 billion worth of Bitcoin from its cold wallet, fueling fears of a major market dip. What does this mean for traders?
Benzinga
413 views • May 28, 2024
About this video
Bankrupt cryptocurrency exchange Mt.Gox transferred billions of dollars’ worth of Bitcoin from its cold wallet to an unknown wallet, heightening anxiety levels of market participants. On-chain tracking platform Spot On Chain spotted a transfer of 42,909 Bitcoins, worth $2.93 billion at prevailing prices, to a wallet late Monday night. Conclusive information about the recipient wallet remains unknown at the time of writing.
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413
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Published
May 28, 2024
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