Mt Gox | ForkLog

ForkLog 15 30.08.2024

Kaiko Assesses Mt.Gox’s Impact on Cryptocurrency Liquidity

The additional selling pressure from the distribution of the remaining 47,170 BTC ($2.7 billion) held by the Mt.Gox trustee is unlikely to cause liquidity issues for digital assets, according to Kaiko. Analysts noted that waves of liquidations and the sale of coins by clients of bankrupt cryptocurrency companies have accompanied investors at various stages from […]

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ForkLog 8 21.08.2024

Mt.Gox Transfers $784 Million in Bitcoin

The bankrupt cryptocurrency exchange Mt.Gox has transferred another 13,265 BTC ($784 million) to an unknown address, according to data from Arkham. Data: Arkham. The transactions were preceded by an internal transfer of 1,265 BTC between the platform’s wallets, with the funds sent to cold storage. The latest movements of Mt.Gox assets to external addresses, totaling […]

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ForkLog 15 13.08.2024

BitGo Transfers $2 Billion in Bitcoin Linked to Mt. Gox

Custodian BitGo has transferred 33,140.4 BTC (approximately $1.97 billion) associated with the defunct crypto exchange Mt. Gox, according to analysts at Arkham. BREAKING: Bitgo has just moved $2B of Mt. Gox BTC. pic.twitter.com/3aPFPhmGGN — Arkham (@ArkhamIntel) August 13, 2024 This is the last of five platforms working with the trustee to distribute funds to creditors. […]

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ForkLog 13 07.08.2024

Mt.Gox payouts: Redditors on what they are doing with their coins

How would those who waited nearly a decade treat their assets? Markets are still guessing how intense the selling pressure from potential Mt.Gox disposals will be. To probe the answer, ForkLog turned to one of the internet’s most muscular communities — Reddit. Creditor-redditors are sharing details of the process, recounting personal histories with the exchange […]

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ForkLog 9 31.07.2024

Glassnode Assesses Potential Pressure from Mt.Gox Clients

The majority of Mt.Gox investors receiving payouts can be classified as hodlers, potentially mitigating the scale of selling pressure in the coming weeks, according to Glassnode. At the time of writing, the trustee of the bankrupt exchange has distributed just under 59,000 BTC out of 141,686 BTC (41%). The Mt.Gox payouts have surpassed the scale […]

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ForkLog 9 31.07.2024

Mt.Gox Transfers $2.25 Billion in Bitcoin

The bankrupt cryptocurrency exchange Mt.Gox has transferred another 33,964 BTC ($2.25 billion) to an unknown address and conducted an internal transfer of 47,229 BTC ($3.13 billion), according to data from Arkham. Analysts have been unable to determine the owner of the wallet, beginning with “bc1q26”, to which the funds were sent. The latest transaction follows […]

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ForkLog 11 25.07.2024

Kraken and Bitstamp Report on Mt.Gox Asset Distribution

Major centralized cryptocurrency exchanges have announced the receipt of digital assets from the defunct trading platform Mt.Gox and their distribution among creditors. In the early hours of July 24, Kraken CEO Dave Ripley reported on the deposits and the commencement of payments. 1/ @krakenfx has successfully distributed #Bitcoin and Bitcoin Cash from the @mtgox estate […]

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ForkLog 33 24.07.2024

Mt.Gox Creditors Receive Funds via Kraken, Reports Suggest

Creditors of the bankrupt exchange Mt.Gox have begun receiving Bitcoin and Bitcoin Cash transfers to their Kraken accounts, according to a report by The Block, citing their Telegram group. The payouts commenced following a series of transactions in which the platform’s trustee moved a total of 48,641 BTC, valued at over $3 billion. According to […]

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ForkLog 9 23.07.2024

Mt. Gox Shifts $2.85 Billion in Bitcoin

The bankrupt cryptocurrency exchange Mt. Gox has executed another series of transactions, moving a total of 42,587 BTC (~$2.85 billion). Mt. Gox transferred 42,587 $BTC($2.85B) out 1 hour ago, of which 5,110 $BTC($341.75M) was transferred to an internal wallet and 37,477 $BTC($2.51B) was transferred to a new wallet.https://t.co/nJpumiJdAl pic.twitter.com/pVglDc5lIx — Lookonchain (@lookonchain) July 23, 2024 […]

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ForkLog 8 18.07.2024

Mt.Gox Creditors Report Account Hacking Attempts

Clients of the defunct Mt.Gox exchange have taken to the subreddit r/mtgoxinsolvency to report widespread attempts by unknown parties to access their accounts on the platform. Some users speculate that the perpetrators are employing a brute force method. In all instances, two-factor authentication has thwarted the hackers. These reports emerged following the transfer of crypto […]

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ForkLog 4 17.07.2024

Glassnode Assesses Impact of ETF Flows, Mt.Gox Payouts, and German Government Actions

The Bitcoin market has absorbed 48,000 BTC linked to the German government and is anticipating further sales from Mt.Gox clients. Analysts at Glassnode have examined these factors, as well as the role of ETFs. The #Bitcoin market recently absorbed over 48k BTC in sell-side sourced from the German Government. With Mt Gox distributions also on […]

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ForkLog 14 17.07.2024

Expert Questions Impact of Mt.Gox Bitcoin Sales on Market

Concerns about potential sales of bitcoins distributed by the bankrupt exchange Mt.Gox are exaggerated, according to CryptoQuant’s founder and CEO, Ki Young Ju. MtGox FUD is overestimated. Market cap growth outpaces realized cap growth, showing strong demand. Since 2023, $224B in #Bitcoin sold, yet price up 350%. Even if MtGox’s $3B is sold on Kraken, […]

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