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Mt. Gox, the defunct crypto exchange, has transferred 11,833.6 Bitcoin, worth approximately $931 million, to new addresses, sparking fears of potential sell-offs. According to on-chain data from Arkham Intelligence, the Bitcoin transfers, which took place on Mar. 11, saw 11,501.58…
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The long-defunct Mt. Gox exchange has shifted a massive $1 billion worth of Bitcoin, marking its first major transaction in over a month. On Mar. 6, blockchain analytics firm Arkham Intelligence flagged the movement of 12,000 Bitcoin (BTC) from a…
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Just as Bitcoin surpassed the highly coveted $100,000 mark, defunct crypto exchange Mt. Gox moved roughly $2.47 billion worth of the cryptocurrency to an unknown wallet. According to Arkham Intelligence, a Mt. Gox wallet identified as “1F…RT” transferred over 24,000…
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Follow-up
Bankrupt crypto exchange Mt. Gox has once again postponed the repayment deadline for its creditors. Now, some victims of its collapse will not be able to receive funds until next year. The new report shows that most creditors have already…
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Mark Karpelès, former Mt. Gox CEO, announced his new crypto exchange to “make right what went wrong” with the defunct Bitcoin trading venue. Speaking at the Korea Blockchain Week 2024, Karpelès said the new crypto exchange, dubbed EllipX, would be…
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Bitcoin’s price remained in a tight range on Aug. 19, continuing a consolidation phase that has persisted for almost two weeks. Trading at $58,000, Bitcoin (BTC) contributed to a 2.2% decline in the global crypto market cap, bringing it down…
Recap
Last week, crypto exchange BitGo confirmed plans to distribute the final Mt. Gox creditor repayments; Kamala Harris overtook Donald Trump on Polymarket; and crypto startups secured $130 million in VC funding. Mt. Gox final creditor repayments Harris vs. Trump US…
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BitGo, the fifth and final crypto exchange working with the Mt. Gox Trustee, has made on-chain Bitcoin transactions ahead of creditor repayments. BitGo wallet labeled “bc1q26” transferred 33,105 Bitcoin (BTC) worth around $2 billion, on Aug. 12, according to Arkham…
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Feature
Ten years after its collapse, the Mt. Gox crypto exchange finally began paying off creditors. What is the reason for this process, which has dragged on for a decade? Let’s dive deep into the chronology of events associated with the…
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The Mt. Gox Trustee sent $2.25 billion in Bitcoin to two BitGo addresses as part of a $9 billion creditor repayment plan. After sending about $3 billion in Bitcoin (BTC) to Kraken and at least $335.8 million to Bitstamp, the…
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On Wednesday, Bitcoin’s price dipped below $66,000 as news surfaced of another multi-billion dollar BTC transfer from defunct crypto exchange Mt. Gox . On Tuesday, July 30, the Mt. Gox estate moved another batch of nearly 34,000 Bitcoin (BTC) —…
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Last week in crypto, Republican presidential candidate Donald Trump spoke at the Bitcoin 2024 conference; spot Ethereum ETFs began trading, but ended the week with net outflows; exchanges and creditors confirmed Mt. Gox repayments. In case you missed them, here…
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Following Kraken’s Mt. Gox distribution, Bitstamp has announced readiness to reimburse creditors of the defunct Bitcoin exchange.
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Mt. Gox recently moved a significant amount of Bitcoin to the Bitstamp cryptocurrency exchange amid ongoing creditor repayments. On-chain data provided by Arkham Intelligence shows that the initial transaction occurred today at 04:46 UTC, involving the movements of 32,371 BTC…
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Kraken has started distributing Bitcoin received from the Mt. Gox Trustee on July 16.
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Defunct crypto exchange Mt. Gox has moved more than more than 47,000 Bitcoin (BTC) to two new addresses. According to data from Arkham Intelligence, two major transactions were recorded on July 23. One transaction saw about 42587.49 BTC, worth approximately…
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