Mark Karpeles, the former chief executive officer of the now-defunct Bitcoin exchange Mt.Gox, has provided clarification regarding the recent substantial Bitcoin transactions originating from a Mt.Gox blockchain wallet.
In an official statement released by the exchange, it was affirmed that no direct reimbursements in either Bitcoin or Bitcoin Cash have been disbursed to creditors via designated cryptocurrency exchanges. Additionally, the statement asserts that no cryptocurrency has been liquidated for the purpose of these repayments. “The Rehabilitation Trustee is presently overseeing the management of Bitcoin and Bitcoin Cash in a secure manner,” reported Chinese crypto journalist Colin Wu, citing Mt.Gox’s statement.
Karpeles also took to the X platform to confirm that the $5 billion worth of Bitcoin transferred from Mt.Gox to a new wallet were not indicative of imminent crypto sales. In his X post, the former CEO emphasized that the Rehabilitation Trustee is transferring Bitcoin to a different wallet “in preparation of the distribution that will likely happen this year.” He underscored that there are currently no plans for an immediate sale of bitcoins.
Today, Bitcoin reacted to the significant BTC transactions from Mt.Gox by experiencing a nearly 4% drop, relinquishing the recently regained $70,000 level. At the time of reporting, BTC has marginally rebounded and is trading at $68,467.
