Mt. Gox Moves $3B Bitcoin to New Wallet, $130M to Bitstamp Exchange

Shutdown cryptocurrency exchange Mt. Gox moved billions of dollars worth of Bitcoin between wallets and sent $130 million to Bitstamp.

Cryptocurrency movements echo yesterday’s events; Mt. Gox is refunding customers affected by an attack that occurred 10 years ago.

The payouts began earlier this month, and Mt. Gox still has more than $6 billion worth of BTC to distribute.

Bankrupt Bitcoin {{BTC}} exchange Mt. Gox moved a new batch of assets to new wallets on Wednesday, reducing the chances of a price rally as market sentiment remains weak.

Arkham data shows that Mt. Gox transferred 37,400 BTC worth $2.5 billion from its main wallet to a new wallet, “12Gws9E,” and another $300 million to an existing cold wallet. It then transferred $300 million to the wallet, “1MzhW,” of which $130 million was sent to crypto exchange Bitstamp. BTC prices remained stable.

(Arkham)

Mt. Gox is sitting above $6 billion worth of BTC, down from $9 billion on July 10. BTC has largely remained stable between $66,000 and $67,000 throughout the period.

Those moves mirrored moves on Tuesday, when Mt. Gox transferred $130 million to Bitstamp and moved $2.5 billion between wallets. Several payees at crypto exchange Kraken also reported receiving bitcoin payments into their personal accounts for the first time during U.S. hours.

In early July, the bankrupt exchange began paying creditors affected by a 2014 hack. More than $9 billion worth of BTC and $73 million worth of bitcoin cash {{BCH}} will be distributed to investors in the coming months.