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March 12, 2025

Mt. Gox Transfers $905 Million in Bitcoin Amid Repayment Updates

Mt. Gox, the infamous cryptocurrency exchange that collapsed due to a significant hack in 2014, has caused a stir by moving 11,501 Bitcoin, valued at approximately $905 million, to an unmarked wallet. This transaction occurred on March 11, 2025, creating speculation regarding the repayment timeline, which has now been pushed to October 2025. Investors are keeping a close eye on these developments due to their implications for the broader cryptocurrency market. Understanding the outcomes of Mt. Gox’s situation will be vital for stakeholders in this sector.

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