Update: Mt Gox Moves $2.8 Billion Worth of Bitcoin to New Address: Arkham

A wallet address labeled Mt Gox sent approximately 42587.49. Bitcoin

-1.28%
(USD 2.82 billion) was deposited to the new address around 5:00 AM UTC on Tuesday. data According to Arkham Intelligence, the move appears to be part of an ongoing effort by Mt Gox to repay $9 billion worth of bitcoin to creditors.

At the same time, the Mt Gox wallet moved 5,110.16 BTC to a cold storage address ending in “1Jbez.”

The cryptocurrency exchange that was shut down on Monday moved a small amount of bitcoin worth about $1,400. According to Arkham, one of the recipients was an address belonging to the Bitstamp cryptocurrency exchange.

Bitstamp, one of the exchanges chosen by Mt Gox administrators to accept Bitcoin payments, I said earlier this month The trustee said it plans to distribute the tokens to bondholders as soon as they arrive. Another exchange chosen by the trustee, Kraken, said I received some tokens A week ago.

Two Japanese exchanges, Bitbank and SBI VC Trade, have already received and Apparently distributed Allocated funds will be paid within a few hours after receiving the Bitcoin.

Mt. Gox, once the world’s largest cryptocurrency exchange, filed for bankruptcy in 2014 after suffering multiple hacks that resulted in the theft of approximately 850,000 BTC.

Meanwhile, the Bitcoin price reportedly fell 1.82% over the past 24 hours to trade at $66,491. Bitcoin price page on the block.

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