Mt. Gox transferred $75.36M in Bitcoin to Bitstamp, possibly indicating an upcoming creditor payout.
It appears that Mt. Gox has transferred approximately $75.36 million in bitcoin to Bitstamp’s wallet address, which may suggest that creditors are due for another payout.
As per Arkham data, 1264.69 was transferred from Mt. Gox’s cold wallet address “1Jbez…LAPs6” to the wallet address “3HXo1…wsuXH” at approximately 8:49 a.m. UTC. The blockchain analytics company discovered that Bitstamp owned the latter address.
The Mt. Gox frozen wallet received bitcoin from another Mt. Gox wallet, “1MUQE…5SXZZ,” last night, according to Arkham’s data. The transaction transferred 12,000 BTC ($709.44 million) to an unidentified wallet.
The Mt. Gox trustee designated Bitstamp as one of the centralised exchanges to disseminate bitcoin repayments to the creditors of the defunct crypto exchange. The repayments have already been sent by numerous exchanges, including Kraken.
Japan-based Mt. Gox, which was established in 2010, was the world’s largest bitcoin exchange until it was hacked in 2014. The breach resulted in the loss of at least 850,000 BTC.
