US Govt and Mt. Gox Shift Millions in Hidden Crypto Transfers
Summary
Blockchain intelligence firm Arkham reported two significant crypto movements: the US government transferred $23,000 worth of WIN tokens seized from Alameda Research, signaling ongoing management of seized assets. More notably, Mt. Gox moved 185 BTC, valued at about $16.8 million, to the Kraken exchange following a test transaction, with an additional $936 million moved to another Mt. Gox wallet. This activity comes after Mt. Gox announced an extension for Bitcoin repayments until October 31, 2026, which locks up roughly $4 billion in BTC and is seen by analysts as calming market fears regarding immediate selling pressure.
(Source:BeInCrypto)