Mt-Gox

Recent large Bitcoin transfers from the defunct Mt. Gox exchange have reignited fears of a market sell-off. We explore the history of the exchange’s collapse and why its remaining multi-billion dollar Bitcoin holdings still spook investors today.

The defunct crypto exchange Mt. Gox transferred 10,600 BTC (€1 billion), sparking concerns of a market dump. However, analysts note the move was internal and the extended repayment timeline suggests a slow, controlled process, limiting immediate market impact.