A wallet address labeled Mt Gox sent approximately 42587.49. Bitcoin
-1.28%
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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About the Author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He was previously a reporter at Forkast.News, where he actively covered the downfalls of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong, and China. He holds a Bachelor of Arts in Journalism and Business Marketing from the University of Hong Kong.