Bankcrupt Cryptocurrency Exchange MT. Gox has transferred bitcoin of over $ 1 billion into an unknown wallet. This step is giving rise to various speculations in the Crypto Community and questions are being raised about the purpose behind this step. Because currently Bitcoin Value A heavy ups and downs are going on, causing investors to sell it. In this case MT. GOX’s unknown wallet can affect the price of $ 1 billion BTC transfer Bitcoin.
MT. $ 1.08 billion Bitcoin transfer of Gox
Latest transfer, which occurred at 3:17 UTC, in which MT. Gox transferred about 11,834 bitcoin (about $ 1.08 billion) from its “1puQB” wallet to an unknown wallet “1Mo1… 9GR9”. This mt. GOX is the first major transfer since the end of January. After this transfer, in a few minutes the exchange sent 166.5 BTC (priced at $ 15.12 million) to its cold wallet “1jbez”.
This transfer has raised many questions, because MT. There are already many disputes and legal processes about Gox. This new transfer is generating another secret in the Crypto World, especially when the exchanges’ bank tax process and outstanding payment issues are going on.
MT. History of gox
MT. Gox, which was established in 2010, was once the world’s largest Bitcoin Trade and used to control 70% of Bitcoin transactions worldwide. However, the exchange was hacked in 2014, resulting in MT. Gox lost 800,000 BTCs and the exchange closed. After this MT. Gox announced bankruptcy and for many years its aggrieved creditors were waiting for their money to get back. MT. in October 2024 Gox announced that Bitcoin’s return would be further delayed and will now be paid by 31 October 2025.
What is the purpose behind this transfer?
Transfer not from any new investor but MT. It is done by Gox, but what it means, it is still unclear. Some analysts believe that it is old by transfer exchange Bitcoin May be part of re -organizing, while others are looking as a step in the process of paying the creditors.
Conclusion
MT. This new transfer of Gox is another major indication for the Crypto World that the issue of this exchange and its outstanding payment has not been completely resolved yet. This transfer shows that MT. The story of Gox is still not over and many more secrets related to it may be revealed soon.
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