Advertisement
AD

Main navigation

No, Mt.Gox Not Selling Bitcoin: Mark Karpeles

Advertisement
Tue, 28/05/2024 - 11:11
No, Mt.Gox Not Selling Bitcoin: Mark Karpeles
Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Former chief executive officer at early Bitcoin exchange Mt.Gox, which collapsed in 2014, Mark Karpeles, has clarified the recently spotted massive BTC transactions from a Mt.Gox blockchain wallet.

Advertisement

Related

A recent official announcement from the exchange also stated that no direct repayments of either Bitcoin or Bitcoin Cash have been yet made to the creditors through designated crypto exchanges. The statement also says that no crypto has yet been sold to make those repayments from the 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 quoted the statement made by Mt.Gox.

Mark Karpeles has also taken to the X platform to confirm that the $5 billion in Bitcoin that has been moved from Mt.Gox to a new wallet were not preliminary steps to selling this crypto. In his X post, the former CEO of the battered crypto exchange said that the Rehabilitation Trustee is currently transferring Bitcoin to a different wallet "in preparation of the distribution that will likely happen this year." He stressed that "there is no imminent sale of bitcoins happening" right now.

Earlier today, Bitcoin responded to these hefty BTC transactions from Mt.Gox by plummeting almost 4% and losing the recently recaptured $70,000 level. By the time of this writing, BTC has made a slight recovery and is changing hands at $68,467.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD