By now-defunct cryptocurrency exchange Mt. Gox, around 32,371 BTC transferred, worth about $2.19 billion, on its way out Monday evening to numerous unmarked wallet addresses – a rather significant transfer undertaken by the site in a relatively short period.
In a transfer of an estimated 30,371 BTC to a wallet labeled as “1FG2C…Rveoy,” according to blockchain analytics firm Arkham, another 2,000 BTC was transferred to Mt. Gox’s cold wallet, later moved to another unmarked wallet address.
This latest transfer is preceded by a small amount of 500 BTC last week transferred to unknown wallets, which hints at a trend. The reasons for these transfers are still unknown, though some speculate that they could be preparing for creditor repayments tied to Mt. Gox’s bankruptcy.
Mt. Gox, once the world’s largest Bitcoin exchange, was hacked in 2014, losing an estimated 850,000 BTC to hackers. Creditors have waited to be paid since then and just had their repayment date extended from October 31, 2024, to October 31, 2025.
Mt. Gox Shuffles $2.2 Billion in Bitcoin: A Signal for Upcoming Creditor Payouts?
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