There was silence for a while around the old crypto exchange Mt. Gox, but today that has changed.
The administrators of the bitcoins (BTC) from Mt. Gox again moved significant capital in a short period of time. This could indicate that a sale is imminent.
Moved $2.4 billion worth of bitcoins
Last night, $2.4 billion worth of bitcoins were transferred. The coins grew send to a new purse. Data website Arkham Intelligence suspects the plan is to sell these.
Transfer of many coins to a new wallet often indicates preparation for sale. When all the coins are put together, they are almost always sold through a crypto exchange.
In addition to this large amount, there was also 200 million dollars transferred to a cold wallet of the old crypto exchange
740,000 BTC stolen
Mt. Gox was the largest crypto exchange in the world about 14 years ago. The platform quickly gained a strong reputation and attracted an increasing number of users from all over the world. At its peak, the platform handled about 70% of all bitcoin transactions worldwide.
In the period from 2010 to 2013, Mt. However, hackers are increasingly targeting Gox, culminating in a major attack in 2014.
In this attack, the hackers managed to steal a lot of bitcoins, which is 740,000 BTC. At current rates, this represents a value of over $60.5 billion.
Bitcoin has risen significantly since the presidential elections
The news of the transfer of bitcoins from Mt. Gox continues a strong rise in the price of bitcoin. Since the presidential elections in the United States, the currency has clearly started to move up.
With the recent one advertisement from the Federal Reserve, America’s central bank, about a new interest rate cut, the currency received an additional boost
In recent days, Bitcoin has been setting new all-time highs. At the time of writing, Bitcoin again breaks through the all-time high and reaches a new record of $82,400. That means bitcoin is up almost 20% in the last seven days. The big question now is whether Mt. Gox dump can cause a correction.
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2024-11-11 11:26:00
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