MT. Gox Moved $2.82 Billion in Bitcoin as It Soars Above $100k

The post MT. Gox Moved $2.82 Billion in Bitcoin as It Soars Above $100k appeared first on Coinpedia Fintech News

Defunct crypto exchange Mt. Gox moved 27,871 Bitcoin worth $2.82 billion to an unmarked wallet on Thursday morning, according to Arkham data. The wallet 1Fho…LFRT received these funds around 3 weeks ago from another Gox linked wallet.

Mt. Gox Trustees transferred over 27,871 BTC to wallet 1N7J…u8Yp and another 3.82k BTC worth $386.01 million to their cold wallet 1JEZ…APs6. The wallet 1Fho…LFRT now holds 39,878 btc worth $4.10 billion. This shifting of Bitcoin has taken place after the price of crypto surpassed $100k. The reason behind this movement is still unknown.