- Mt. Gox moved $2.47B BTC to new wallets.
- 5,106 BTC ($335.8M) transferred to Bitstamp.
- Mt. Gox still holds 80,128 BTC ($5.32B).
- 10,216 BTC ($675.9M) sent to Bitstamp so far.
Massive BTC Move by Mt. Gox
In a significant move, Mt. Gox transferred a total of $2.47 billion worth of Bitcoin to new wallets this morning. This action is part of their ongoing efforts to repay creditors affected by the infamous 2014 hack. Specifically, 5,106 BTC, valued at $335.8 million, were sent to four separate Bitstamp addresses.
Bitstamp is one of the five exchanges collaborating with the Mt. Gox Trustee to facilitate the repayment process. This recent transfer marks a notable milestone in the long journey towards settling the claims of those who lost funds during the collapse.
Current Holdings and Distribution Progress
Despite the recent transaction, Mt. Gox still holds a substantial 80,128 BTC, which is worth approximately $5.32 billion at current market rates. This significant reserve underlines the massive scale of the repayments still to come.
So far, Mt. Gox has successfully transferred a total of 10,216 BTC, valued at $675.9 million, to Bitstamp. This ongoing distribution process is critical for the thousands of creditors who have been waiting for years to reclaim their lost funds.
The cooperation between Mt. Gox and exchanges like Bitstamp is crucial to ensuring a smooth and transparent repayment process. As Mt. Gox continues to move forward with these transactions, the cryptocurrency community is closely monitoring the situation, anticipating further developments.
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