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Bitcoin Hits $100k, Mt Gox Moves 24k BTC

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Mt., which went bankrupt in February 2014 after it was hacked and more than 800 thousand bitcoins were stolen. Gox bankruptcy management has made a new transition. 24,000 bitcoins worth about $2.5 billion were sent to an unknown address. It didn’t go unnoticed that the transfer was made within minutes when the price of Bitcoin exceeded $100,000.

According to information provided by on-chain analytics platform Arkham, 24,51 BTC were sent to an address starting with “1N7j” and with no record of date. The bankruptcy administration made its final transfer on November 12.

While it is certain that this transfer was made to pay eligible victims, the move does not negatively affect the price.

While the exchange sent 24 thousand BTC to this unknown address, 3800 BTC was sent to the cold wallet.

Gox extended the lender’s deadline in October to October 31, 2025.

At the time of writing, Bitcoin was trading at around $101,900.

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