Today in crypto, Mt. Gox makes its second Bitcoin move in a week, cyberattackers target Elon Musk’s X, and crypto exchange-traded products (ETPs) saw their fourth straight week of outflows, with $876 million lost.
Mt. Gox makes second Bitcoin move in a week as it taps $76K
Defunct crypto exchange Mt. Gox moved 11,833 Bitcoin (BTC), worth $926.2 million, on March 11 — its second big BTC transfer in a week amid the cryptocurrency’s price falling to a four-month low of around $76,700.
Arkham Intelligence data analyzed by Lookonchain found that 11,501 BTC was sent to a new wallet. The remaining 332 BTC were transferred to a warm wallet, which analytics firm Spot On Chain said could be moved to assist with the repayments.
Mt. Gox moved 12,000 Bitcoin worth a little over $1 billion on March 6. The