Mt. Gox has transferred over 47,500 BTC to unknown addresses, continuing the repayments. On July 23, Mt. Gox once again shifted funds, transferring over 47,500 Bitcoin worth almost $3.2 billion to two unknown addresses.
According to Arkham Intelligence, Mt. Gox holds 90,344 Bitcoin (BTC) valued at $6.02 billion. The current holdings are approximately 42,744 BTC worth $2.85 billion.
Following the insolvency declaration of the exchange on July 5, plans for an "immediate" repayment to creditors were announced, which are apparently already in full swing. đđź
Preparations for Bitstamp Repayments
On July 22, Mt. Gox began preparing to repay creditors via Bitstamp.
According to Arkham Intelligence, Mt. Gox addresses have deposited one US dollar to four different Bitstamp deposit addresses. "Bitstamp is one of five exchanges working with the Mt. Gox trustee." đ°đ
Although financial analyst Jacob King speculated in an X-Post on July 4 that 99 percent of creditors would "immediately" sell their coins if they received them, a Reddit survey suggests otherwise.
Over $12 billion
With the recent $3.2 billion in BTC from the Mt. Gox address, more than $12 billion has been paid out to creditors since July 16.
On July 16, the exchange recorded outflows of more than 140,000 BTC. This is a significant development after two weeks of inactivity. đđ