Mt Gox Transfers Another $2.47B Worth of Bitcoin as Creditors Confirm Repayment

Mt Gox on Wednesday transferred 37,477 Bitcoin (worth $2.47b) from a cold wallet to an unknown address, according to Arkham Intelligence.

Additionally, the defunct crypto exchange internally moved 5,106 BTC (valued at $226m) from one cold wallet to another within Mt. Gox. These transfers are likely related to its repayment plan for creditors.

It follows crypto exchange Kraken moving to distribute assets to Mt. Gox creditors on Tuesday, potentially exerting sell pressure on the market.

On Tuesday, Mt.Gox had transferred 42,587 Bitcoin, estitmated at $2.85 billion.