Yigit Taha OZTURK 
Mt.Gox has transferred 32,000 BTC to new wallet addresses for future sales. The ongoing repayment plan has been extended to October 31, 2025, impacting market volatility. Bitcoin (BTC) prices fell following Mt.Gox’s largest transfer. BTC dropped below $68,000, losing 2% in the past 24 hours. Market fluctuations are expected on election day.
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Mt.Gox sent a significant portion of the 32,000 BTC to the address “1FG2C…Rveoy.” Additionally, 2,000 BTC was transferred to another address. These transfers typically consolidate holdings into new addresses. Mt.Gox‘s repayments create selling pressure in the bitcoin market. Early investors are more likely to sell as they will receive assets at a higher value.
Mt.Gox was once the largest cryptocurrency exchange in the world. In a cyber attack in 2014, it lost 740,000 bitcoins, marking the largest hack in history. The management developed a repayment plan that has been in progress for several years. A Tokyo court extended the repayment deadline from 2024 to 2025. These developments increase uncertainty in the markets.
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