Beginning last week, the much-watched Mt.Gox exchange compensation work has begun. Some funds in its wallet address have been transferred to the exchange and will be paid to users within the next one to two months.

iChainFo tracked and analyzed the flow of funds transferred out of the Mt.Gox exchange. Through the fund flow analysis, it was found that the funds in the Mt.Gox wallet mainly flowed into six addresses, of which four addresses had subsequent fund changes and required investment. People pay special attention.

The core address of our analysis is 1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6, which was the early membership address of the Mt.Gox exchange funds. On May 28 this year, 141,619 Bitcoins were collected in this address through 8 transactions.

Source: iChainFo Mt.Gox Fund Analysis Chart

The Bitcoins in this address have been transferred out. For example, the address received by the Kraken exchange on July 16 came from this address. There are two main destinations for the funds in this address. One of the major destinations is to transfer to support Mt Among the exchanges where Gox compensates are known to be Kraken, BitBank and SBI VC Trade, another major destination is other addresses controlled by Mt.Gox.

Source: iChainFo 1JbezDVd9VsK9o1Ga9UqLydeuEvhKLAPs6 There are no Bitcoins in the address

Among these destinations, iChainFo found that Mt.Gox’s funds mainly flowed into the following six addresses:

  1. 3JQieEzccKjFS34oW8KZSGBDndiH1YyFrE is suspected to be the Kraken exchange address. This address transferred 48,641 BTC on July 16. Currently, the funds have not been moved. We need to focus on its movements in the future. The transfer of funds from this address may mean that Kraken starts to pay Bitcoin to users.

  2. bc1qrv0v2l9ekrx3lnkeusrzvu2hqyha6ex94nxumlhec4mrye8njm7sn7e4v4 is the BitBank hot wallet address with a total of 1,544 BTC transferred.

  3. 34X3kp5PTrqR9dA9Zf9XwivpE6tnNJdHKB is the SBI VC Trade hot wallet address, with a total of 1,157 BTC transferred.

  4. 18vjnBHWAxU4CPGPqF7Gp9JyqdVBHDct9b is the Mt.Gox cold wallet address and currently holds 42,587 BTC. The transfer of funds from this address requires close attention.

  5. 1AsHPP7WcGnDLzxW2bUa2FcbJP3eZVEqpx is the Mt.Gox cold wallet address and currently holds 47,228 BTC. The transfer of funds from this address needs to be closely monitored.

  6. 1HRAprcXCzx1YqYv7dcCcDzf3vYVGPv3b2 is the Mt.Gox cold wallet address and currently holds 526 BTC. Although the currency holdings are not large, the transfer of funds from this address also requires attention.

Source: iChainFo Mt.Gox Main destination address of funds

Although the market selling pressure caused by Mt. Gox's compensation for Bitcoin still exists, judging from the recent trend of Bitcoin, investors are still very optimistic and Bitcoin is gradually coming out of the previous trough.

[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.

  • This article is reprinted with permission from: "Deep Wave TechFlow"

  • Original author: iChainFo

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