CoinDesk analyst Krisztian Sandor said Mt. Gox moved $930 million worth of BTC to a new address yesterday, which could signal a recovery of creditors.
The transfer follows last week's $1 billion internal asset readjustment and $15 million transfer to crypto custodian and compensation partner BitGo. These recent flows may indicate that Mt. Gox plans to repay the remaining assets to users by the Oct. 31 deadline, raising concerns about possible selling pressure during the crypto market correction.
Analysis: Mt. Gox yesterday transferred $930 million worth of BTC to a new address, or to restore creditor compensation signals
2025-03-11 16:32:36
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