Mt.Gox Transfers $930 Million In Bitcoin, Signaling Potential Creditor Repayments

According to Foresight News, CoinDesk analyst Krisztian Sandor reported that Mt.Gox recently transferred $930 million worth of Bitcoin to a new address. This move could indicate the beginning of creditor repayments. The transfer follows a $1 billion internal asset realignment and a $15 million transfer to crypto custodian and compensation partner BitGo last week. These recent financial activities suggest that Mt.Gox may be preparing to repay remaining assets to users by the October 31 deadline, raising concerns about potential selling pressure during a period of market adjustment in the cryptocurrency sector.