The failed exchange Mt. Gox initiated a small Bitcoin transaction on Monday, transferring 0.021 Bitcoin to Bitstamp, an exchange designated to pay creditors.

Source: Arkham Intelligence

The latest move signals preparations for Mt. Gox for significant refunds to customers. After Kraken, Bitstamp could be the next place to receive Bitcoin and Bitcoin Cash from Mt. Gox.

Last week, Kraken confirmed receiving Bitcoin and Bitcoin Cash from Mt. Gox and funds will be sent to customers within 7 to 14 days.

Trustee of Mt. Gox initiated the refund process earlier this month. Cryptocurrency exchanges like Kraken, Bitstamp, and Bitbank will distribute funds to their customers within 90 days of receipt.

At press time, Arkham's data shows that Mt. Gox still holds $6.09 billion worth of Bitcoin.

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