Mount Gox Deposited 117 BTC to OKX in 24 Hours
CryptoNewsTerminal Staff13 Aug, 2024
Mount Gox Deposited 117 BTC to OKX in 24 Hours
The bankrupt crypto exchange Mount Gox has transferred 117 BTC to a wallet on the crypto exchange OKX. The transaction, which was made in a single transaction, is the first time that Mount Gox has moved any of its BTC holdings since 2018. The transfer has sparked speculation that Mount Gox may be preparing to distribute its remaining BTC holdings to its creditors. However, it is also possible that the transfer is simply a housekeeping measure, as OKX is one of the few exchanges that still supports the old BTC blockchain. Whatever the reason for the transfer, it is a significant development for Mount Gox and its creditors. The transfer suggests that Mount Gox is finally making progress in its bankruptcy proceedings, and that creditors may soon receive some of the BTC that they are owed.
