2024

Bitcoin

Billion

Coin

<ul class="wp-block-list news-points">
 <li><strong>Mt. Gox transfers 30,000 BTC valued at $2.4 billion amid price surge.</strong></li>
 <li><strong>Bitcoin surpasses $81,000 as Mt. Gox repayment deadline approaches.</strong></li>
 <li><strong>Trustees are likely preparing for creditor payouts by October 2025.</strong></li>
</ul>
<p>Mt. Gox, the defunct Bitcoin exchange, moved over $2.4 billion worth of BTC between cold wallets. This massive transfer, involving more than 30,000 BTC, comes amid a Bitcoin hitting an all-time high at $81,000, heightening anticipation surrounding the October 2025 repayment deadline for Mt. Gox creditors. The move is seen as a preparatory step by Mt. Gox trustees to fulfill creditor repayments, marking one of the largest cryptocurrency transfers in recent months.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">Mt. Gox moves $2.4b in <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> amid rising prices<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>Mt. Gox trustees transferred 30k+ BTC between wallets as <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> surpassed $81k, fuelling anticipation around the October 2025 repayment deadline. <br><br>This move signals their preparations for creditor repayment distribution. <a href="https://t.co/GZj9mSUP8E" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/GZj9mSUP8E</a></p>— India Crypto Research (@icr_indiacrypto) <a href="https://twitter.com/icr_indiacrypto/status/1855873440458453104?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>As the October 2025 repayment deadline for Mt. Gox creditors nears, the exchange’s trustees have taken a significant step toward finalizing re…</p>
<p>The post <a href="https://coinedition.com/mt-gox-moves-2-4-billion-in-btc-ahead-of-creditor-repayment-deadline/" rel="noopener noreferrer nofollow">Mt. Gox Moves $2.4 Billion in BTC Ahead of Creditor Repayment Deadline</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Mt. Gox Moves $2.4 Billion in BTC Ahead of Creditor Repayment Deadline

Coin Edition

Other articles published on Nov 11, 2024

Peter Brandt Predicts $125K Bitcoin by New Year – Could the Bull Run Be on Its Way?

XRP trends down while SHIB and Intel Markets lead weekly gains with 40% rally

Ex-Pimco, Millennium execs set up crypto advisory business

TRON DAO Joins Chainlink SCALE, Adopts Chainlink Data Feeds for DeFi Ecosystem

Crypto Insiders Recommend 5 Coins for 2025’s Bull Run — 10,000% Gains Expected!

OpenSea Unveils Major Upgrade to NFT Marketplace, Set to Launch in December

Join our free newsletter for daily crypto updates!