Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin Transfer from Mt. Gox to Bitstamp Suggests Imminent Payout

Bitcoin Transfer from Mt. Gox to Bitstamp Suggests Imminent Payout

Cryptodnes2024/08/21 11:57
By:Cryptodnes

It appears that Mt. Gox has moved approximately $75.36 million worth of Bitcoin to a Bitstamp wallet, potentially signaling an upcoming payout to creditors.

Arkham Intelligence’s data shows that 1,264.69 BTC was transferred from Mt. Gox’s cold wallet to another wallet, at around 8:49 a.m. UTC. The blockchain analytics firm confirmed that this wallet belongs to Bitstamp.

Additionally, the transaction data revealed that Mt. Gox’s cold wallet received Bitcoin the previous night from another one of their wallets, in a transaction that sent 12,000 BTC (valued at $709.44 million) to an unknown address.

Bitstamp is among the centralized exchanges selected by Mt. Gox’s trustee to facilitate Bitcoin repayments to creditors of the defunct exchange. Other exchanges, such as Kraken, have already begun processing these repayments.

READ MORE:
Gemini to Delist Terra Luna Classic and Other Cryptocurrencies

Mt. Gox, established in 2010 and based in Japan, was once the largest Bitcoin exchange globally until it suffered a massive hack in 2014, resulting in the loss of at least 850,000 BTC.

SHARE: SHARES
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!