Mt. Gox, the defunct Japanese cryptocurrency exchange, has transferred a total of 11,501 bitcoins, valued at approximately $1.01 billion, to two different wallets. According to on-chain data from Arkham Intelligence, 893 bitcoins, worth about $78.11 million, were moved to Mt. Gox's hot wallet, while 10,608 bitcoins, valued at around $927.48 million, were transferred to a change wallet. This recent movement of funds marks the third significant on-chain transfer by Mt. Gox in the past four weeks, following transfers of over $900 million on March 11 and over $1 billion on March 6. Despite these large movements, the price of bitcoin has remained steady, trading near $87,000. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
