The Mt.Gox Estate, which manages billions of dollars of creditor funds, has transferred a significant amount of bitcoins to an undisclosed wallet amid the latest preparations to deal with the aftermath of a decade-long hack.
According to data from analyst firm Arkham Intelligence, the company transferred about 33,964 #BTC worth $2.25 billion on Tuesday.
Another $3.1 billion in bitcoins was transferred between two cold wallets owned by Legacy. The #bitcoin exchange rate has remained virtually unchanged over the past 24 hours.
last week, several exchanges, including Kraken, said they had already finalized compensation to creditors.
Kraken was one of five exchanges tasked with returning customer funds to some of the 127,000 creditors affected by the former exchange's 2014 collapse, as part of a compensation payment to Mt Gox users.
last week, the trustee also said it had completed the payment of bitcoin and Bitcoin Cash through a "designated #cryptocurrency exchange.
According to the statement, payments to more than 17,000 creditors have already been completed.
Among the exchanges originally designated by Mt. Gox to return stolen funds to former customers are #Bitstamp , SBI VC Trade, Bitbank and Coincheck.
Bitstamp, SBI VC Trade and Bitbank told Decrypt last week that they had also completed returning users' funds; Coincheck did not immediately respond to a request for comment.
The main Mt. Gox wallet still holds about 80 BTC worth $5.3 billion. It's unclear whether the company is shuffling assets in preparation for liquidation through exchanges.
the trustees of Arkham and Mt. Gox have not yet responded to requests for comment.
This follows a similar transfer last week, when Mt. Gox transferred US$2.8 billion to another new wallet amid a drop in the price of bitcoin. Since Monday, bitcoin has returned to $66,000, down 3% since the beginning of the week.
According to CoinGecko, the world's largest cryptocurrency is trading at $BTC Start each day with top news, plus original articles, podcasts, videos and more.
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