Bitcoin wallet reactivated by Mt. Gox, initiates minor transfer to Bitstamp
Mt. Gox, the former leading cryptocurrency exchange, executed a minor Bitcoin transaction today. Data from Arkham Intelligence revealed that a wallet linked to Mt. Gox transferred 0.021 Bitcoin to Bitstamp, an exchange designated for repaying creditors.
This recent transfer indicates Mt. Gox’s readiness for significant customer reimbursements. Following Kraken’s receipt, Bitstamp could be the next recipient of Bitcoin and Bitcoin Cash from Mt. Gox’s trustee.
Last week, Kraken confirmed the reception of Bitcoin and Bitcoin Cash from Mt. Gox, with plans to distribute funds to customers within 7 to 14 days.
Earlier this month, Mt. Gox’s trustee initiated the repayment process. Exchanges like Kraken, Bitstamp, and Bitbank are poised to disburse the funds to their clients within 90 days of receipt.
As of the current report, Mt. Gox’s wallet still contains Bitcoin worth $6.09 billion, according to data from Arkham Intelligence.
This development signifies a significant step in Mt. Gox’s efforts to address its past issues and fulfill its obligations to creditors. The cryptocurrency community continues to monitor these proceedings closely for further updates.
