On August 13, 2024, a wallet that received 33,105 BTC from the bankrupt crypto exchange Mt. Gox transferred $5.88 worth of bitcoins to another address, according to Arkham Intelligence. Experts have suggested that the address likely belongs to the BitGo cryptocurrency exchange.
JUST IN: MOVEMENTS FROM $1.95B MT GOX BTC WALLET
A Wallet that received $2.19B Bitcoin from Mt. Gox has just initiated test transactions.
This wallet bc1q26 is likely Bitgo, the 5th and final exchange working with Mt. Gox Trustee to distribute funds to Mt. Gox creditors.
Are… pic.twitter.com/w0j2aCg2Gc
— Arkham (@ArkhamIntel) August 13, 2024
It should be noted that the rate of the first cryptocurrency has hardly reacted to this news. At the time of writing, the asset is trading near the $59,150 mark.
In late July 2024, the bankrupt cryptocurrency exchange Mt. Gox sent 33,964 BTC to an unknown address.
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Source: Cryptocurrency
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