According to TechFlow, on July 4, The Block reported that in the hours before the repayment of $9 billion worth of Bitcoin, three wallets associated with Mt Gox conducted two small Bitcoin transactions, one of which transferred a small amount of funds to the Bitbank hot wallet. According to Arkham Intelligence, these transactions involved a total of $24 in Bitcoin.
After the bankruptcy of Mt Gox, the funds of the related wallets were mainly concentrated in three wallets, and are currently preparing to repay the $9 billion Bitcoin debt. Bitbank is one of the five exchanges designated to repay creditors, the other four are Kraken, Bitstamp, SBI VC Trade and Bitgo. These exchanges will be open to customers within 90 days of receiving the funds.
Since these small transactions were not sent from the main wallet, it is unclear whether they were test transactions for large transfers. The Mt Gox trustee previously said that repayments would begin in early July, but the specific date has not been made public. As a result, the price of Bitcoin has fallen by more than $10,000 in the past month and is currently trading at around $57,600.
