Mt. Gox Resurfaces: $953 Million Transfer Sparks Crypto Market Concerns

After nearly a decade of silence, Mt. Gox, the former Japanese Bitcoin exchange, has re-emerged with a significant move. The company transferred over 10,608 BTC, worth roughly $953 million, in an unusual action after eight months of inactivity. This sudden transfer has reignited concerns about a potential market sell-off, especially considering the timing and lack of immediate transaction activity from the receiving address.