Bitcoin Price Remains Steady as Mt. Gox Transfers $2.8 Billion
Mt. Gox transfers $2.8 billion in Bitcoin; market reacts with minor dip and rebound amid ongoing volatility.
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Mt. Gox transfers $2.8 billion in Bitcoin; market reacts with minor dip and rebound amid ongoing volatility.
Kraken confirmed receiving Mt. Gox’s BTC and BCH funds for creditors, expecting payouts in 7-14 days. Mt. Gox transferred $5.8 billion in Bitcoin to undisclosed addresses, affecting market dynamics with Bitcoin’s price briefly dropping to $63,500.
Mt Gox starts moving Bitcoin, signalling potential repayments to creditors.
Both assets are being distributed to creditors of the defunct Mt. Gox cryptocurrency exchange. Here’s how some traders are doing it.
These long-awaited reimbursements will be financed through the sale of Mt. Gox's remaining assets, including 142,000 BTC, 143,000 BCH, and 69 billion yen (about $625 million)
It is worth noting that funds have not moved from the now-defunct Mt.Gox exchange’s cold wallets since 2018.
Creditors have until September 15 to make or transfer a claim.
The Mt Gox case had finally reached a settlement agreement back in 2021, and the BTC owed to creditors is ...