Mt. Gox transfers $2.13 billion in bitcoin to unknown address amid creditor payouts

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The Block2024/07/24 06:22

By:Adam James

Mt. Gox transferred roughly $2.13 billion in bitcoin to an unknown address.The large transfer comes after creditors using Kraken received their payouts to their exchange accounts yesterday.

A cryptocurrency wallet associated with the defunct exchange Mt. Gox earlier today transferred 32371 bitcoin ($2.13 billion) to an unknown address.

The large transfer comes after creditors using the cryptocurrency exchange Kraken received their payouts to their exchange accounts yesterday.

Mt. Gox also sent about $2.8 billion in bitcoin to a new address yesterday. Large transfers from the Mt. Gox wallet often precede large bitcoin transfers to centralized exchanges for creditor payouts.

Mt. Gox has also begun to send bitcoin to crypto exchange Bitstamp, which said it will try to distribute the funds "as soon as possible" after receiving them.

Mt. Gox was a bitcoin exchange launched in 2010 that went bust after losing hundreds of thousands of bitcoins in a series of supposed thefts.

The price of bitcoin is down nearly 1% on the day, according to The Block's Bitcoin Price Page .

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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