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Mt. Gox Transfers $1.01B in Bitcoin

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Zafar Naik

Mt. Gox has recently transferred a staggering 11,501 BTC, worth $1.01 billion. Out of this, 10,608 BTC ($927 million) was moved to a new wallet, while 893 BTC ($78 million) was sent to a hot wallet. This massive transfer is part of Mt. Gox’s ongoing rehabilitation process, aimed at repaying creditors affected by the exchange’s collapse. With billions in Bitcoin on the move, the crypto market is watching closely, wondering how this will impact prices and market sentiment.

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Zafar Naik

Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

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