Mt Gox moves nearly 47,229 BTC ahead of $9 billion payout | Headlines | News | CoinMarketCap

07/05/2024 08:11
Mt Gox moves nearly 47,229 BTC ahead of $9 billion payout | Headlines | News | CoinMarketCap

Collapsed cryptocurrency exchange Mt Gox moved over 47,000 BTC to another wallet late evening on Thursday, according to Arkham Intelligence. This …

Collapsed cryptocurrency exchange Mt Gox moved over 47,000 BTC to another wallet late evening on Thursday, according to Arkham Intelligence. This comes ahead of its impending $9 billion worth of bitcoin repayment to creditors.

One of Mt Gox’s three wallets that held significant portions of funds sent around 47,228.7 BTC (about $2.71 billion) to a wallet address that ends with “6onk.” Early on Thursday morning, a number of Mt Gox wallets were involved in two small transactions across a few hours, the largest being $24 worth of bitcoin.

In late June, the defunct bitcoin exchange announced that it would begin distributing over $9 billion worth of funds in bitcoin, bitcoin cash and fiat currency to its creditors in early July.

“This significant payout, amounting to US$9 billion, is …

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