Mt. Gox recently moved a significant amount of Bitcoin to the Bitstamp cryptocurrency exchange amid ongoing creditor repayments.
On-chain data provided by Arkham Intelligence shows that the initial transaction occurred today at 04:46 UTC, involving the movements of 32,371 BTC worth $2.13 billion to the newly-activated address ‘12Gws9’ and 5,106 BTC valued at $336.61 million to the Mt. Gox Cold Wallet (1Jbez). The total amount reaches $2.47 billion.
According to data from Arkham Intelligence, the latest slew of transactions comes shortly after the bankrupt Bitcoin (BTC) exchange transferred 47,000 BTC to two new addresses yesterday, July 23.
Interestingly, a few minutes after receiving the funds, the Mt. Gox Cold Wallet (1Jbez) transferred the 5,106 BTC tokens to a Bitstamp address.
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Bitstamp also received 2,238 BTC from Mt. Gox yesterday shortly after a series of test transactions on July 22. These inflows into Bitstamp suggest that the platform might be gearing to repay creditors, especially as Kraken users have already begun confirming repayments. Kraken itself had acknowledged receiving the tokens on July 16.
Meanwhile, amid the latest slew of transactions, the new wallet involved, ‘12Gws9,’ has continued to hold onto the 32,371 BTC received earlier today. In parallel, the address (15yPU) responsible for the initial transaction currently holds an empty balance.
Since announcing its intentions to begin creditor repayments on July 5, Mt. Gox has continued to shuffle thousands of Bitcoin, with most of these tokens eventually moving to centralized exchanges responsible for initiating these repayments.
The defunct Bitcoin exchange moved a whopping 96,390 BTC to unidentified addresses on July 16, coinciding with Kraken’s confirmation of creditor balances. However, the latest movements have not impacted the market as expected, with BTC currently changing hands at $66,360, down 0.85% over the past 24 hours.
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