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Bitcoin dips 2% as Mt. Gox wallets move over $7B to unknown wallet

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Source: Coin Telegraph

Billions in Bitcoin reportedly belonging to collapsed crypto exchange Mt. Gox has moved to an unknown wallet.

Bitcoin (BTC) dipped 2% on May 28 after wallets labeled as belonging to the collapsed crypto exchange Mt. Gox moved 107,547 BTC worth nearly $7.3 billion to an unknown wallet — with more transactions coming in by the hour. 

The move is ahead of the defunct crypto exchange’s plan to return BTC holdings to creditors before October.

Blockchain tracking X account Whale Alert posted the moves in May 28 X posts, noting six on-chain transactions of between 3,999 BTC and 32,499 BTC within hours.

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Author: Jesse Coghlan

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