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Home»ADOPTION NEWS»Mt. Gox Wallet, Transfer small amount of Bitcoin to Bitstamp: Arkham
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Mt. Gox Wallet, Transfer small amount of Bitcoin to Bitstamp: Arkham

By Crypto FlexsJuly 22, 20242 Mins Read
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Mt. Gox Wallet, Transfer small amount of Bitcoin to Bitstamp: Arkham
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Exchange • July 22, 2024 3:37 AM EDT

Posted 1 minute earlier In ~

Mt. Gox sent 0.021. Bitcoin

+0.34%
(approximately $1,400) was deposited into the new wallet this morning, which is a sign that additional repayments may be in the works.

Blockchain analytics platform Arkham has flagged one of the receiving addresses as belonging to centralized cryptocurrency exchange Bitstamp.

As The Block previously reported, Bitstamp said it would distribute its portion of the bitcoin redemption to Mt. Gox creditors “as quickly as possible.”

Bitstamp is expected to receive its share of Mt. Gox creditors’ bitcoin soon, while centralized exchange Kraken received its share on July 16. Two Japanese exchanges, Bitbank and SBI VC Trade, appear to have already received and distributed their allocated funds.

In related news, some creditors claimed that potential thieves were attempting to brute force their accounts.

Mt. Gox was a Bitcoin exchange that opened in 2010, but collapsed after hundreds of thousands of Bitcoins were lost in a series of apparent thefts.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

Adam is the Editor-in-Chief for Europe, Middle East and Africa. He is based in Central Europe and was the Editor-in-Chief and podcaster at OKX Insights, the former research arm of OKX, a cryptocurrency exchange. Prior to that, he co-founded BeInCrypto.com, which he led as its editor-in-chief to become one of the top crypto media brands at its peak. He was previously the Editor-in-Chief of Bitcoinist.com. Prior to joining the blockchain and cryptocurrency industry, he worked at Looper.com, Grunge.com, and SVG.com. He can be found tweeting at @XBT002 and emailing him at (email protected).
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