Key Takeaways:
- Mt. Gox transferred $335 million in Bitcoin, distributing 5,106 BTC to Bitstamp and an unknown address on July 24.
- Over 66% of the owed BTC has been repaid, with Mt. Gox’s Bitcoin holdings now at 42,744 BTC.
- Bitstamp, involved in the repayment process, has not commented on the current status.
Mt. Gox, the defunct cryptocurrency exchange, transferred $335 million in Bitcoin on July 24, distributing 5,106 BTC to Bitstamp and an unknown address.
This action aligns with their repayment plan announced earlier this month.
MT GOX UPDATE: $2.47B BTC MOVED
— Arkham (@ArkhamIntel) July 24, 2024
Mt. Gox moved a total of $2.47B BTC to new wallets this morning in order to distribute 5106 BTC ($335.8M) BTC to 4 separate Bitstamp addresses.
Mt. Gox still holds 80,128 BTC ($5.32B).
Bitstamp is one of the 5 exchanges that the Mt. Gox Trustee… pic.twitter.com/sGTOSN1MfL
Data from Arkham Intelligence showed two transfers at 6:16 am UTC: 2,237 BTC to Bitstamp and 2,869 BTC to an unknown address.
The unknown address swiftly moved funds to Bitstamp-associated wallets.
This transfer facilitates repayments to creditors, with over 66% of the owed BTC distributed so far.
🚨🚨 Mt. Gox just moved another 2,237 $BTC ($147M) to #Bitstamp 5 minutes ago.
— Spot On Chain (@spotonchain) July 24, 2024
To repay creditors, Mt. Gox has transferred out 54,662 $BTC ($3.44B), including:
➡️ Deposited 1,545 $BTC ($83.5M) to #Bitbank on Jul 5;
➡️ Moved 48,641 $BTC ($3.06B) to wallet “3JQie”, possibly a… https://t.co/jugEHC8oUE pic.twitter.com/CGtOXkhUSP
Updated data revealed Mt. Gox’s Bitcoin holdings dropped to 42,744 BTC after distributing over 47,500 BTC.
In total, 42,583 BTC was sent out early on July 24, leaving Mt. Gox with only 161 BTC worth $10 million.
Bitstamp, involved in the repayment process, has not commented on the current status.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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