Bitcoin Cash

2024

Bitcoin

Arkham

<p class="is-style-lead">Following Kraken’s Mt. Gox distribution, Bitstamp has announced readiness to reimburse creditors of the defunct Bitcoin exchange.&nbsp;</p> 
<p>Crypto exchange Bitstamp confirmed receiving Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>), Bitcoin Cash (<a href="https://crypto.news/price/bitcoin-cash/" target="_blank" rel="noreferrer noopener">BCH</a>), and Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) from the Mt. Gox trust intended to make hack victims whole again.&nbsp;Bitstamp reportedly informed users that disbursements could start on Thursday, July 25. The platform said a separate distribution plan exists for&nbsp; U.K. residents, although the amount sent by Mt. Gox was undisclosed.&nbsp;</p> 
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   <p lang="en" dir="ltr">For UK residents, there will be a separate distribution plan. Rest assured, we’ll keep you updated on the process and ensure you receive your assets as soon as possible.</p>— Bitstamp (@Bitstamp) <a href="https://twitter.com/Bitstamp/status/1816133305932140570?ref_src=twsrc%5Etfw" target="_blank" rel="">July 24, 2024</a>
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<p> You might also like: <a href="https://crypto.news/mt-gox-moves-additional-2-47b-in-btc-to-new-wallet-bitstamp/"> Mt. Gox moves additional $2.47b in BTC to new wallet, Bitstamp </a> </p> 
<p>On July 23, <a href="https://x.com/ArkhamIntel/status/1816039649841754158" target="_blank" rel="">Arkham</a> highlighted four Bitcoin transactions from the defunct crypto exchange. At least two transfers went to Bitstamp wallets. Data showed movements of 2,237 BTC worth $147 million and 382 BTC valued at $25 million to the crypto exchange.&nbsp;</p> 
<p>Mt. Gox’s trustee also sent 32,371 Bitcoin or $2.13 billion to an unlabeled wallet around the same time as Bitstamp transactions. Kraken already <a href="https://crypto.news/mt-gox-bitcoin-balances-kraken/" target="_blank" rel="noreferrer noopener">settled</a> customer repayments from the bankrupt platform.</p> 
<p>Bitstamp’s statement reminded observers of the <a href="https://crypto.news/more-than-10-years-since-the-collapse-of-mt-gox-users-confirm-reimbursements/" target="_blank" rel="noreferrer noopener">scope</a> of Mt. Gox repayments. Following six hacks between 2011 and 2014, around 20,000 users are owed $9 billion in Bitcoin and other cryptocurrencies.&nbsp;The hackers were never identified, and this remains a watershed moment in Bitcoin’s history.</p> 
<p>Bitcoin traded 1% down after the Bistamp announcement. </p> 
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  <img loading="lazy" decoding="async" width="1114" height="653" src="https://crypto.news/app/uploads/2024/07/BTCUSDT_2024-07-24_17-17-23.png" alt="Bitstamp to distribute Mt. Gox Bitcoin by July 25 - 17"> 
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  24-hour BTC price on July 24 | Source: <a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">crypto.news</a>
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<p> Read more: <a href="https://crypto.news/mt-gox-bitcoin-balances-kraken/"> Mt. Gox creditors report Bitcoin balances on Kraken </a> </p>

Bitstamp to distribute Mt. Gox Bitcoin by July 25

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