Extinct crypto exchange Mt. Gox sent over $2 billion to a new address on Tuesday (July 30), according to data from analytics platform Arkham Intelligence.
[ARKHAM] Mt. Gox Estate Transfers $2.25 Billion in #Bitcoin to Unidentified Wallet 7 Hours Ago pic.twitter.com/gziiw6KD9Z
— BecauseBitcoin.com (@BecauseBitcoin) July 31, 2024
The timestamp for the 33,105 ($2.19 billion) Bitcoin transfer from Mt. Gox to an address starting with “bc1q26” happened at 11:28 pm (UTC). Arkham has disclosed the owner of the address.
This latest transaction came after Mt. Gox had transferred billions of dollars worth of bitcoin to designated centralised crypto exchanges in the past few weeks. The exchanges taking part in the re-payment scheme include Bitbank, Kraken, Bitstamp and the Japanese platform, SBI VC Trade.
Over 17,000 Creditors Have Been Reimbursed Thus Far
Mt. Gox trustee produced a statement a week ago (July 24). In it, they said it has made repayments in Bitcoin and Bitcoin Cash to creditors through the aforementioned exchanges between July 5-24.
Also, in the statement, the trustee added that over 17,000 repayments have been made as of July 24.
The Arkham dashboard for Mt. Gox shows that its associated wallets still hold over $5.3 billion in Bitcoin. This amount is following yesterdays $2.19 billion transfer.
Bitcoin has been down 1% over the past 24 hours and currently sits at around $66,100, as this latest Mt. Gox is causing more uncertainty across the market.
Mt. Gox launched in 2010 and was the largest Bitcoin exchange in the world. That was until the platform suffered a catastrophic security breach in February 2014. The resulting losses totaled around 850,000 Bitcoin (over $56 billion at today’s price).
99BTC Presale Announces August 6 Closing Date – Still Offering Over 670% Staking Rewards For The Last Week
99Bitcoins very own Learn2Earn (L2E) presale is coming to an end in one week.
To date, over $2.5 million has been raised and there is set to be a final push before its closing date on August 6.
99BTC is aiming to become a pioneer in the fast-emerging L2E sector.
In 2023, the Move2Earn and Play2Earn industries were valued at a staggering $8.9 billion. The L2E space looks set to become their successors for this bull run.
The 99BTC platform will include a fully fleshed-out curriculum for users to work through. To complete each module, you’ll earn 99Bitcoins tokens directly in your wallet.
The use-case doesn’t end there, these tokens can then be redeemed for various rewards. These include exclusive access to premium content, discounts on partner products and services, and even opportunities to participate in token-holder events.
Grab your bag before August 6 and stake for a whopping 670% return in anticipation of the official token launch for 99BTC.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.