A wallet address labeled Mt. Gox sent approximately 42,587.49 BTC ($2.82 billion) to a new address this afternoon, according to data from Arkham Intelligence. This movement appears to be part of the Mt. Gox continuously returned $9 billion worth of Bitcoin to creditors.
At the same time, the Mt Gox wallet transferred 5,110.16 BTC to a cold wallet address ending in “1Jbez”.
At approximately 1:30 p.m., Mt. Gox transferred 2,238.87 BTC, worth approximately $150 million, to Bitstamp, which may indicate that the distribution of Bitstamp Bitcoin refunds is imminent.
On Monday, the defunct cryptocurrency exchange transferred a small amount of Bitcoin worth about $1,400. According to Arkham, one of the recipients was an address belonging to the cryptocurrency exchange Bitstamp.
Bitstamp, one of the exchanges authorized by Mt. Gox opts to distribute Bitcoin payments, saying earlier this month that it plans to distribute the tokens to creditors as soon as they receive the tokens. Kraken, another exchange of choice, received the tokens a week ago.
Two Japanese exchanges, Bitbank and SBI VC Trade, received the tokens and appear to have distributed the allocated funds within hours of receiving the Bitcoins.
MT. Gox, once one of the world's largest cryptocurrency exchanges, filed for bankruptcy in 2014 after being hacked and losing about 850,000 BTC.
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