Mt. Gox Transfers 24,000 BTC Preparing for Creditor Payments 💸
Mt. Gox, a once prominent cryptocurrency exchange, has made a notable transfer of 24,000 BTC, equating to a substantial $2.4 billion. This move is part of the company's efforts to prepare for impending creditor payments, following a long-standing bankruptcy saga.
The transfer signals a significant step in the protracted process of settling obligations toward creditors, many of whom have been awaiting reimbursement for several years. The release of such a large amount into the market could potentially impact Bitcoin prices.
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