In a social media post, Mark Karpelès, the former CEO of the now-defunct cryptocurrency exchange Mt. Gox, provided a status update on the recent situation. He assured followers that “everything is fine with MtGox” and revealed that the trustee is currently moving coins to a different wallet in preparation for a distribution that is expected to occur later this year. Importantly, he clarified that there is no imminent sale of bitcoin happening, potentially allaying concerns among those who have been closely monitoring the situation. This comes after the crypto markets were spooked as Mt. Gox suddenly moved over $9 billion in bitcoin.