Mt. Gox wallet transfers $2.7 billion in BTC to unknown address
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![image](https://www.cryptopolitan.com/wp-content/uploads/2024/07/DALL·E-2024-07-16-09.27.57-A-sleek-and-minimalistic-futuristic-landscape-illustrating-the-transfer-of-2.7-billion-in-BTC-from-Mt.-Gox-to-an-unknown-address.-The-scene-features-.webp)
Mt. Gox just moved $2.7 billion worth of Bitcoin to an unknown address. Once the biggest crypto exchange, Mt. Gox still holds a massive amount of BTC.
Right now, their stash is worth about $8.73 billion. That’s based on the current Bitcoin price of $62,830, which has recently dipped by $186.
Their portfolio includes 138,985 BTC. Over the last few days, the total value of their portfolio has dropped by $25.85 million, a noticeable decrease.
![Mt. Gox wallet transfers $2.7 billion in BTC to unknown address](https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-16-at-09.33.09.jpg)
Let’s talk about the recent transfers. Just 18 minutes ago, Mt. Gox sent 48,641 BTC, worth $3.07 billion, to a cold wallet with the address 3JQieEzckjfS34oW8KZSGE.
But that’s not all. Two hours ago, there were two more big transfers. First, 4,641 BTC, valued at $293.94 million, moved to the same cold wallet.
Right after that, another 47,229 BTC, worth $2.99 billion, was sent to another cold wallet, 18vjnBHWAxU4CPGPqF7Gp9j.
This is a developing story
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