Mt. Gox creditors start receiving bitcoin and bitcoin cash on Kraken

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The Block2024/07/23 17:52

By:The Block

Quick Take The payout comes after Kraken received 48,641 BTC, valued at over $3 billion, from the Mt. Gox Rehabilitation Trustee last week to give to creditors.

Creditors of the collapsed crypto exchange Mt. Gox have begun receiving bitcoin and bitcoin cash transfers on the crypto exchange Kraken, according to a Telegram group of Mt. Gox creditors. The Block also confirmed one payout with a source.

The payout comes after Kraken received 48,641 BTC, valued at over $3 billion, from the Mt. Gox Rehabilitation Trustee on July 16 to disseminate to creditors, The Block previously reported . The exchange expected creditors to retrieve their funds within one to two weeks.

Mt. Gox had moved 42587.49 BTC, worth around $2.8 billion, to new addresses earlier, the crypto tracking firm Arkham found .

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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