Crypto exchange Mt. Gox has moved a record $ 8.8 billion in bitcoin

Yesterday, on July 16, Arkham Intelligence analysts announced the resumption of funds on the crypto wallets of the bankrupt crypto exchange Mt. Gox crypto exchange. The company moved almost 139,000 BTC worth $ 8.8 billion between its wallets. First, 0.021 BTC was transferred, which was probably a test transfer. Then Mt. Gox then sent 44,527 BTC to one of the wallets, and then another 47,229 BTC. A total of 139,000 BTC was transferred.

Some users stated that Kraken sent out emails to customers confirming the receipt of assets from Mt. Gox. The funds will be credited to accounts within 7−14 days.

As a reminder, on July 5, Mt. Gox stepped up itsfinancial operationsby transferring 47,229 BTC. Representatives of the company announced the start of compensation payments to affected customers. This caused a stir in the community, and the bitcoin rate BTC $65,438.70 Bitcoin -0.36% Market capitalization $1.29 trillion VOL. 24 hours $0.6 billion fell below $ 54,000, while the price of Ethereum ETH $2,674.04 Bridged Ether (StarkGate) -1.19% Market capitalization $0.2 billion VOL. 24 hours $0.36 billion dropped below $ 2900.

Experts from JPMorgan Chase Bank have previously stated that there is a high probability that some of the bitcoins BTC $65,438.70 Bitcoin -0.36% Market capitalization $1.29 trillion VOL. 24 hours $0.6 billion received by the exchange’s clients will be sold, which could put pressure on sellers and affect the value of the cryptocurrency. Experts also predicted the growth of the crypto market after the payment of $ 16 billion to FTX’s creditors.