Mt. Gox wallet transfers small amount of bitcoin to Bitstamp: Arkham

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The Block2024/07/22 08:58

By:The Block

Quick Take Mt. Gox transferred 0.021 BTC to a new wallet earlier this morning. One of the recipient addresses is labeled by Arkham as belonging to Bitstamp. Bitstamp was expected to receive bitcoin repayments for Mt. Gox creditors soon.

Mt. Gox transferred 0.021 BTC +0.36% (worth approximately $1,400) to a new wallet earlier this morning — a sign that it may be preparing for more repayments.

One of the recipient addresses is labeled by the blockchain analytics platform Arkham as belonging to the centralized cryptocurrency exchange Bitstamp.

As The Block previously reported, Bitstamp said it will aim to distribute its portion of the bitcoin repayments to Mt. Gox creditors "as soon as possible" upon receipt.

Bitstamp is expected to receive bitcoin repayments for Mt. Gox creditors soon, as fellow centralized exchange Kraken received its share on July 16. Two Japanese exchanges, Bitbank and SBI VC Trade, had already received and seemingly distributed their allocated funds.

In related news, some creditors have claimed that potential thieves have been attempting brute-force attacks on their accounts.

Mt. Gox was a bitcoin exchange launched in 2010 that collapsed after it lost hundreds of thousands of bitcoins over a series of apparent thefts.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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