Mt. Gox Shifts $2.2 Billion In Bitcoin To New Wallets Amid Repayment Deadline Extension

Early Monday, an address associated with the defunct exchange Mt. Gox transferred its largest Bitcoin batch in months.

Mt. Gox moves $2.2 billion in Bitcoin as it works to repay creditors

Mt. Gox moved 32,371 Bitcoin to two wallets, amounting to $2. 19 billion The movement follows the transfer of 500 Bitcoin worth more than $35 million In October, Mt. Gox announced it was pushing its repayment deadline to October 31, 2025 Defunct crypto exchange Mt.

Mt. Gox Extends Repayment Deadline, Creditors Wait Patiently

The new deadline has been pushed back by a full year, from October 31, 2024, to October 31, 2025, according to a statement published on the exchange's website.

Mt. Gox delays repayment deadline, pushes it to October 2025

The defunct exchange had an original repayment deadline of October 31, 2024 Mt. Gox said the delay was down to creditors not completing the repayment steps and issues arising from the repayment process In 2024, Mt.

Bitcoin Price Falls as Mt Gox Starts Repayments

Bitcoin's price plunged below $55,000 as the now-defunct Mt Gox exchange began distributing billions in owed funds to creditors, sparking a broader Bitcoin and crypto market sell-off.

Bitcoin Supply Spikes As Mt. Gox Moves BTC: What’s Next For Price?

Bitcoin remains within an uptrend from a top-down preview, looking at the performance in the daily chart, especially in Q1 2024. Bulls appear to be taking over, with the coin floating above $60,000.

Mt Gox Jitters Spook the Market

An announcement that Mt. Gox will soon begin distributing assets stolen from users during a 2014 hack sent Bitcoin into free fall.