Crypto Panic Rises After Mt. Gox Wallet Reactivates

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A colossal humanoid entity from Mt. Gox, half human, half holographic. Its body appears made of lines of code, printed circuits, or fragments of data. Its eyes emit an intense orange light. One hand is raised, palm open toward the sky, as if absorbing or releasing energy. Floating above the figure’s hand, a cluster of glowing numbers forms “$953M.” The digits are made of small, slowly rotating Bitcoin coins.

Nearly ten years after its spectacular collapse, Mt. Gox resurfaces. Indeed, the former Japanese bitcoin giant suddenly moved over 10,000 BTC, worth $953 million, after eight months of silence. This massive transfer rekindles fears of a large-scale liquidation. Worse still, creditors, already battered, will have to wait until 2026 to hope for reimbursement. Enough to revive tensions around the oldest scandal in crypto history.

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