Odaily News According to Arkham data, MT GOX, once the world's largest Bitcoin exchange, has begun to transfer Bitcoin assets worth about $1 billion. This move has attracted great attention in the cryptocurrency market and may have a significant impact on Bitcoin prices.
Mt Gox went bankrupt in 2014 after a hacker attack that cost it around 850,000 bitcoins. After a lengthy creditor compensation process, the exchange is now returning funds to users. The movement of this huge amount of bitcoin could cause market volatility as some long-term creditors may choose to sell the bitcoins they received.