Mt. Gox Estimated to Have Transferred $700M in BTC to Bitstamp
CryptoNewsTerminal Staff20 Aug, 2024
Mt. Gox Estimated to Have Transferred $700M in BTC to Bitstamp
On-chain analytics firm Lookonchain has reported that approximately 12,000 BTC, valued at roughly $700 million, have been transferred from Mt. Gox to an address associated with Bitstamp. This transaction follows the recent movement of 13,265 BTC by Mt. Gox. In July, Mt. Gox had initiated a significant transfer of 95,523 BTC ($6.14 billion) to several exchanges, including BitGo, Bitstamp, Kraken, SBI VC Trade, and Bitbank. These recent transactions by Mt. Gox have sparked interest and speculation within the cryptocurrency community. The movement of such substantial amounts of BTC could potentially impact the market and may provide further insights into Mt. Gox's ongoing rehabilitation efforts.
