Defunct Bitcoin exchange Mt.Gox has moved 32,371 BTC worth an estimated $2.19 billion to three new addresses.<\/p>\n
Several on-chain transaction trackers caught the movement, including Spot On Chain and Arkham Intelligence.<\/p>\n
Spot On Chain\u2019s data<\/a> shows the platform initially moved 30,371 BTC to a wallet starting with 1FG2\u2026Rveoy. It then sent another 2,000 BTC, priced at nearly $130 million, to one of its known cold wallets, 1JbezD\u2026EvhKLAPs6, before shifting most of it to an anonymous address, 15gNRV\u2026Ca8Aok.<\/p>\n The transactions come only four days after Mt.Gox transferred 500 BTC to two unknown wallet addresses, bringing the total amount moved within the period to 32,871 BTC valued at $2.226 billion.<\/p>\n Spot On Chain also disclosed<\/a> that the bankrupt exchange sent 296 BTC, worth an estimated $20.13 million, to digital asset managers B2C2 and OKX in what may be preparations to disburse the assets to creditors.<\/p>\n This latest transfer is the largest movement of funds from the exchange since September, when it shifted 33,023 BTC valued at $2.269 billion.<\/p>\n According to Arkham, Mt. Gox\u2019s known addresses still hold over $3 billion in BTC. However, Spot On Chain quotes a much lower figure of 12,006 BTC, valued at a more modest $810 million.<\/p>\n In early July, the Mt Gox trustee announced that the company had begun repaying<\/a> creditors in Bitcoin and Bitcoin Cash (BCH). The terms included an account verification process and subscriptions to one of several digital asset exchanges selected to facilitate the disbursements.<\/p>\n A deadline had also been set for creditors to get their investments back by the end of October 2024, but it has now been rescheduled to October 31, 2025.<\/p>\n Mt Gox, which reportedly handled about 70% of all BTC assets at one point, gave several reasons for extending the repayment period. Its official statement mentioned that many creditors had not completed the necessary procedures for receiving repayments.<\/p>\n Moreover, the insolvent crypto platform cited a system issue that caused some creditors to get \u201cdouble deposits,\u201d urging them to return the extra funds.<\/p>\n Thousands of the creditors have already received their compensation, with the exchange\u2019s trustee revealing<\/a> in July that it had successfully distributed BTC and BCH to more than 17,000 former customers.<\/p>\n The post Mt. Gox Shifts $2B in BTC to New Accounts Amid Ongoing Debt Settlements<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Defunct Bitcoin exchange Mt.Gox has moved 32,371 BTC worth an estimated $2.19 billion to three new addresses. Several on-chain transaction trackers caught the movement, including Spot On Chain and Arkham Intelligence. Bitcoin Transferred to New Wallets Spot On Chain\u2019s data shows the platform initially moved 30,371 BTC to a wallet starting with 1FG2\u2026Rveoy. It then […]<\/p>\n","protected":false},"author":0,"featured_media":18131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18130"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18130"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18131"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Repayment Deadline Postponed<\/h2>\n