Mt. Gox moves $2.2B of Bitcoin, adding to BTC selling pressure

More than $9.4 billion worth of Bitcoin was owed to about 127,000 Mt. Gox creditors for over 10 years.

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Mt. Gox transferred billions of dollars worth of Bitcoin, partly to centralized exchanges, suggesting that more creditors may be repaid as the 10-year saga approaches a conclusion.

The wallet associated with the bankrupt cryptocurrency exchange transferred more than $2.19 billion worth of Bitcoin (BTC) to three new wallets on Nov. 4.

Part of the funds were moved to centralized cryptocurrency exchanges (CEXs) OKX and B2C2, according to onchain data by Spot on Chainn shared in a Nov. 5 X post:

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