NEXO (nexo) 
Mt. Gox Transfers $2.47 Billion Worth of Bitcoin to Unknown Wallet
As Bitcoin surpassed the highly coveted $100,000 mark, defunct crypto exchange Mt. Gox moved roughly $2.47 billion worth of the cryptocurrency to an unknown wallet.
According to available data, a Mt. Gox wallet transferred over 24,000 BTC to an unknown wallet at 2:45 am UTC on December 5. The funds currently remain in the unknown wallet.
Possible Reasons Behind the Transfer
While the exact reason for moving over $2 billion worth of BTC from the Mt. Gox wallet remains unclear, similar transactions in the past were shortly followed by payouts to creditors. It is uncertain whether the defunct exchange transferred the funds to a crypto platform or reallocated them within its own wallets.
Tips for investors: Keep an eye on Bitcoin market trends and be cautious of potential sell-offs by Mt. Gox creditors.
Key points to note:
• Mt. Gox transferred 24,000 BTC to an unknown wallet.
• The funds are valued at approximately $2.47 billion.
• The reason behind the transfer remains unclear.
• Mt. Gox still holds over 39,000 BTC, valued at roughly $4.12 billion at current prices.
Background Information
Mt. Gox, once the largest Bitcoin exchange, lost approximately 850,000 BTC, valued at $450 million at the time, to theft from its hot wallets. The exchange subsequently ceased trading, shut down its website, and filed for bankruptcy in 2014.
“The Mt. Gox trustees have extended the payout deadline to October 31, 2025, as some creditors still need to complete necessary procedures.”
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