Mt. Gox Moves $953 Million Bitcoin Amidst Market Uncertainty

The defunct Japanese cryptocurrency exchange Mt. Gox has made a significant move, transferring over $953 million worth of Bitcoin in the largest transaction since August 2023. This transfer adds to ongoing concerns about the stability and future outlook for the crypto market, as it comes amid further delays in creditor repayments. The move saw the Mt. Gox-labeled cold wallet send 10,608 BTC to a new cryptocurrency address, marking its first substantial movement in eight months.