The long-defunct Mt. Gox exchange moved $49.3 million worth of Bitcoin earlier today. 

A portion of this sum ($19 million) was distributed to two fresh wallets. 

The trading platform, which went bankrupt back in early 2014, continues to hold roughly $3.45 billion in Bitcoin. 

As reported by U.Today, Mt. Gox also made several other transactions earlier this month. 

The failed exchange caused a severe price drop in June after announcing that it was ready to start distributing assets that its clients lost as a result of the infamous 2014 hack. 

However, the impact of potential selling initiated by Mt. Gox creditors ended up being overestimated. Many creditors did not rush to offload their coins, as some anticipated. According to NYDIG's analysis, the impact of Mt. Gox sellers was "minimal at best."

card

Some also viewed it as a bullish development given that a decade-old overhang was finally coming to an end. 

The exchange has now repeatedly postponed the final repayment deadline. It was initially supposed to repay all creditors by Oct. 31, 2023. However, the deadline was then postponed by an entire year.

In October, the trustee for Mt. Gox delayed the payout deadline to Oct. 31, 2025, meaning that market participants will not have to worry about immediate selling pressure. 

Bitcoin was trading at less than $50 when the Mt. Gox exchange went bankrupt in early 2014. It is now trading at $94,826, according to CoinGecko data.

At one point, Mt. Gox was responsible for handling the overwhelming majority of Bitcoin's global trading volume. 

Following the hack, the company ended up losing almost all of its Bitcoins, which represented roughly 7% of the cryptocurrency's total circulating supply at that time.    

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。