**Mt. Gox Moves 12,000 Bitcoins Worth $709 Million to Bitstamp**
According to Lookonchain, Mt. Gox transferred 12,000 Bitcoins, valued at approximately $709 million, to an unknown address about four hours ago. It is highly likely that these assets have been sent to the Bitstamp exchange. The substantial movement of such a significant amount of Bitcoin has drawn attention within the crypto community, sparking discussions and speculations regarding the implications for the market. The transfer comes amidst ongoing interest in the activities of Mt. Gox, a defunct cryptocurrency exchange that was once the largest in the world before its collapse.
Source: https://en.coinotag.com/breakingnews/mtgox-sends-12000-bitcoin-worth-709-million-likely-to-bitstamp/