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Status of Mt. Gox's remaining BTC distribution by October 31, 2024
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Resolution / Starting Odds
All distributed • 33%
Partially distributed • 33%
None distributed • 34%
Public blockchain records and official Mt. Gox statements
Story
Mt. Gox Transfers 43,000 BTC Worth $3B for First Time in Six Years
May 28, 2024, 03:04 AM
Mt. Gox, the defunct cryptocurrency exchange, has initiated significant transfers of Bitcoin for the first time in over six years. Approximately 43,000 BTC, valued at around $3 billion, have been moved to various new wallets, including the address 1JbezDV. The total amount transferred so far includes multiple transactions such as 3,999 BTC ($277.65 million), 8,239 BTC ($565.71 million), 14,057 BTC ($966.33 million), 16,589 BTC ($1.14 billion), 32,137 BTC ($2.18 billion), and 32,499 BTC ($2.2 billion). The Mt. Gox wallets still hold approximately 139,700 BTC, worth about $9.5 billion. This activity is part of the process to distribute the remaining holdings, totaling 142,000 BTC, to creditors before October 31, 2024. The total BTC accumulated in the new wallet is now 107,547 BTC.
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Exchange wallets • 33%
Private wallets • 33%
Mix of both • 34%
Mostly in BTC • 33%
Mostly in ETH • 33%
Evenly distributed • 34%
Increase volatility • 33%
Decrease volatility • 33%
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Investment in other cryptocurrencies • 25%
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Holding the remaining assets • 25%
Initiate another cryptocurrency disbursement • 25%
File for bankruptcy • 25%
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Private wallets • 33%
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Investment funds • 33%