Mt.Gox moves 47k Bitcoin to new wallet address

Defunct crypto exchange Mt. Gox has transferred over 47,000 Bitcoin (BTC) to two new addresses. According to Arkham Intelligence, two significant transactions occurred on July 23: one for approximately 42,587.49 BTC worth $2.82 billion, and another for 5,110.16 BTC directed to its cold storage.

These moves are part of Mt. Gox's plan to reimburse creditors for $9 billion in Bitcoin. Prior to this, Mt. Gox conducted smaller transfers on July 22 as tests. Bitstamp, acting as a trustee, received 2,238.87 BTC worth $150 million on July 23, indicating preparations for fund distribution alongside other platforms like Kraken, Bitbank, and SBI VC Trade. Japanese platforms had previously distributed funds upon receipt, with BitBank users confirming payouts on July 4.