Analytics Firm Glassnode Tackles Rumors That Mt. Gox and US Government’s Bitcoin Is on the Move

Crypto analytics firm Glassnode says the defunct crypto exchange Mt. Gox is not moving Bitcoin (BTC) at this time. Mt. Gox used to handle over 70% of Bitcoin’s trading volume, but it went bankrupt in 2014 after the platform was hacked. Last July, the exchange announced its plans to disburse repayments to former customers in accordance with its bankruptcy rehabilitation plan. Rumors that those disbursements have already begun are false, Glassnode explains in a new analysis. “If we look at the rumors about Mt Gox coins being on the move, we can see that their balance has remained stable at 137,890