Bitcoin drops below $66k as Mt. Gox moves $2b

On Tuesday, July 30, the Mt. Gox estate moved another batch of nearly 34,000 Bitcoin Bitcoinbtc0.56%Bitcoin — worth around $2.25 billion at current prices — to a new wallet, indicating that the exchange might be actively repaying its creditors after it shut down in 2014.

Per data from Arkham Intelligence, Mt. Gox moved 33,963 BTC to a fresh wallet where the funds are still sitting as of press time. It’s unclear whether the defunct crypto exchange moved the more than $2 billion worth of BTC to a crypto exchange or just reallocated the funds within its own wallets.