U.Today – Former CEO of the early Mt.Gox exchange that collapsed in 2014, Mark Karpeles, explained the recently detected massive BTC transactions from the Mt.Gox blockchain wallet.
The exchange’s recent official statement also stated that no direct repayments have yet been made to Bitcoin or creditors through designated cryptocurrency exchanges. The statement also says that no cryptocurrency has yet been sold to repay these proceeds. “The Rehabilitation Trustee is currently managing Bitcoin and Bitcoin Cash in a secure manner,” according to a tweet by Chinese crypto journalist Colin Wu, who cited Mt.Gox’s statement.
Mark Karpeles also took to the X platform to confirm that the $5 billion in Bitcoin that was transferred from Mt.Gox to the novel wallet was not a preliminary step to selling the crypto. In his post, He emphasized that “there are no direct sales of bitcoins at this time.”
This morning, Bitcoin reacted to these huge BTC trades from Mt.Gox, falling by almost 4% and missing the recently recovered $70,000 level. By the time of writing, BTC has recovered slightly and is now trading at $68,467.
