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Mt. Gox Transfers $3 Billion in Bitcoin to Unknown Address

Mt. Gox’s cold wallet has made a significant move, transferring 47,229 BTC worth nearly $3 billion to an unknown address after a two-week hiatus.

In the past hour, the Mt. Gox cold wallet (16eAG) transferred 47,229 Bitcoin to an unknown wallet address. According to Arkham Intelligence, Mt. Gox still holds 138,985 BTC in its main wallet, valued at around $8.75 billion, and has begun mobilizing funds for the first time in two weeks.

Additionally, 44,000 BTC, valued at $2.84 billion, was transferred from the Mt. Gox (16ArP) wallet to a wallet labeled ‘Mt. Gox: Cold Wallet (1Jbez),’ and 526 BTC worth $33.6 million was moved to another unknown wallet.

Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.

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