Mt. Gox, a Japanese crypto exchange, continued its Bitcoin payment plan to creditors today. According to on-chain data from Arkham Intelligence, Mt. Gox moved Bitcoin worth $2.805 billion in four hours.
Mt. Gox continues its Bitcoin payment plan
Earlier today, the exchange transferred 37,477 Bitcoin, worth $2.5 billion at current prices, to an unknown wallet address (12Gws9…jTau9u). The amount was transferred to a new address at 4:53 am UTC on July 24.
Out of the 37.477K BTC moved, 5,106 BTC of it was sent to a separate cold wallet owned by Mt. Gox. The movement comes after the exchange moved $2.8 billion in BTC to several wallets on July 22. Bitstamp received $340 million sent to four wallets.
Mt. Gox has moved 5,106 Bitcoins, valued at $335.76 million, to Bitstamp and an unidentified address. Bitstamp is one of the five exchanges working with the Mt. Gox trustee to return stolen crypto to creditors.
Data from Arkham Intelligence shows that Mt. Gox moved 2,237 BTC, worth $147 million, to Bitstamp and 2,869 BTC to an unknown address. Payments made today bring creditor repayments to 40% of the total owed amount.
Now, Mt. Gox has 90.344K BTC left to distribute, worth $6 billion at current prices. Data from CoinGecko shows BTC trading at $66,305.69, which is a 0.9% decline in the last 24 hours.
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