Reddit

Arkham

Spot

Billion

On July 23, <a href="https://www.mtgox.com/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Mt. Gox</a> moved over 47,500 Bitcoin, worth nearly $3.2 billion, to two unknown addresses at 5:05 am and 6:27 am UTC, according to Arkham Intelligence data.
Although Mt. Gox was reported to hold 90,344 Bitcoin valued at $6.02 billion, its current holdings have decreased to approximately 42,744 BTC, worth $2.85 billion.
Following a statement on July 5 about repayments, Mt. Gox plans to promptly compensate creditors, and these plans appear to be well underway.
The Mt. Gox wallet labeled “Mt. Gox: Cold Wallet (1Jbez)” recently sent 5,110 BTC, worth around $340 million, to an unknown wallet and the cryptocurrency exchange Bitstamp.
Of this, 2,871 BTC, valued at around $191 million, was sent to an unknown address starting with 1JKMS, while the remaining BTC, worth $149 million, landed on Bitstamp.
Previously, 42,587 BTC, worth $2.85 billion, had been sent to another unknown address starting with 15yPU.
READ MORE: <a href="https://www.cryptointelligence.co.uk/nyse-arca-approves-listing-of-grayscale-and-bitwise-spot-ether-etfs-awaiting-sec-authorization/" data-wpel-link="internal" rel="noopener noreferrer nofollow">NYSE Arca Approves Listing of Grayscale and Bitwise Spot Ether ETFs, Awaiting SEC Authorization</a>
On July 22, Mt. Gox began preparations to repay creditors through Bitstamp, as indicated by onchain fund movements.
Arkham Intelligence noted that Mt. Gox addresses deposited $1 to four separate Bitstamp deposit addresses, confirming Bitstamp as one of five exchanges collaborating with the Mt. Gox Trustee.
Despite finance analyst Jacob King’s speculation on July 4 that 99% of creditors would sell their coins immediately, a Reddit poll suggests otherwise.
With the latest $3.2 billion in BTC moved from the Mt. Gox address, over $12 billion has been offloaded to creditors since July 16.
On July 16, Mt. Gox witnessed outflows of over 140,000 BTC after two weeks of inactivity, marking a significant movement.
In just three hours, nearly 190,000 BTC were transferred, contributing to over $12 billion in volume movements as repayments continued as promised.
To submit a <a href="https://www.cryptointelligence.co.uk/category/press-releases/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto press release (PR)</a>, send an email to <a href="mailto:sales@cryptointelligence.co.uk" rel="noopener noreferrer nofollow">sales@cryptointelligence.co.uk</a>.

Mt. Gox Moves $3.2 Billion in Bitcoin Amid Accelerated Creditor Repayments

Crypto Intelligence

在 2024年7月25日發表的其他文章

Australia’s Big Banks Block Crypto Payments Amid Rising Crypto Popularity

Spot Bitcoin ETFs Trigger Record Inflow: Investors Pour Millions Into ETFSwap (ETFS), Worldcoin (...

Peter Schiff Warns of Crypto Market Crash: FED’s Action Under Scrutiny

VanEck says Bitcoin could hit $2.9 million per coin by 2050

Kamala Harris Ducks Crypto Showdown With Donald Trump At Bitcoin 2024 Conference In Nashville

Hamilton Lane With $900B AUM Unveils SCOPE Fund on Solana

訂閱免費電子報，每天收取加密貨幣最新動態！