Bankrupt Mt. A cryptocurrency wallet affiliated with the Gox exchange transferred 32,371 Bitcoins, equivalent to $2.13 billion, to an unknown address earlier today.
Mt. Gox Transferred $2.13 Billion in Bitcoin Between Creditor Payments
This significant transfer follows recent payments to creditors who chose to receive their funds through cryptocurrency exchange Kraken.
Just yesterday, Mt. Gox sent approximately $2.8 billion worth of Bitcoin to a new address. Mt. Gox wallet usually occur before large Bitcoin transfers to centralized exchanges as part of the process of paying creditors.
In addition to these transfers, Mt. Gox has started distribution of Bitcoin to crypto exchange Bitstamp. Bitstamp announced its intention to distribute the funds received “as soon as possible.”
Today, Mt. Gox transferred 2,237 BTC ($147 million) to an address labeled 3QVD5 and 382 BTC ($25 million) to a second address labeled 3CgKH, both of which were determined to belong to Bitstamp.
Mt., once a leading Bitcoin exchange, launched in 2010. Gox collapsed after losing hundreds of thousands of Bitcoin in a series of alleged thefts.
Following these developments, Bitcoin price fell approximately 1% during the day and was trading at $65,950 at the time of writing.
*This is not investment advice.