Mt Gox Wallets Make Bitcoin Moves Ahead of Repayments

🔎 Arkham Intelligence reports minor transactions from Mt Gox wallets just before the scheduled $9 billion bitcoin repayments. Over the past few hours, three wallets associated with the defunct exchange moved small amounts, with the largest being just $24 worth of bitcoin.

🌐 https://bitnetsquare.blogspot.com

👀 One intermediary wallet, previously consolidated with significant funds, sent $24 to Bitbank's hot wallet, with the rest moved to a new wallet. Bitbank is among the five exchanges designated to handle Mt Gox repayments, including Kraken, Bitstamp, SBI VC Trade, and Bitgo.💰 These repayments won't be directly to bitcoin holders but through these exchanges, which will make the funds available to their customers within up to 90 days.Given the minor amount transferred, it's unclear if this was a test for larger transactions. The trustee announced repayments would start from early July, but exact dates remain unknown. 🧐