Lookonchain, an on-chain data analysis platform, stated on the X platform earlier today (28th) that the wallet address tagged as the Mt. Gox exchange was transferring Bitcoin (BTC). So far, these wallets have transferred a total of 12,240 BTC (worth approximately $843.6 million) to a new wallet and still hold 125,651 BTC (worth $8.66 billion).

On-chain intelligence platform Arkham compiles transaction records tagged as Mt.Gox wallet addresses, source: Lookonchain

According to previous reports by Zombit, Mt. Gox, which collapsed due to a hacking attack in 2014, is preparing to distribute 142,000 Bitcoins (BTC) worth approximately US$9.5 billion and 143,000 Bitcoin Cash worth US$73 million to creditors ( BCH), Mt. Gox’s recovery trustee last year set a deadline of October 31, 2024 to repay creditors.

The wallets tagged#MtGoxare transferring $BTC out.So far,#MtGoxhas transferred 12,240 $BTC($843.6M) to a new wallet and still holds 125,651 $BTC($8.66B).Address:1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6. pic.twitter.com/tGYGO6b2eb

— Lookonchain (@lookonchain) May 28, 2024

This article tagged Mt.Gox wallet address transferred $840 million in Bitcoin, still holding 125,651 BTC appeared first on Zombit.