Mt Gox Wallets Make Bitcoin Moves Ahead of Repayments
🔎 Arkham Intelligence reports minor transactions from #MtGox 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.
👀 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. 🧐
