Bitcoin Transfer from Mt. Gox to Bitstamp Suggests Imminent Payout

It appears that Mt. Gox has moved approximately $75.36 million worth of Bitcoin to a Bitstamp wallet, potentially signaling an upcoming payout to creditors.

Arkham Intelligence’s data shows that 1,264.69 BTC was transferred from Mt. Gox’s cold wallet to another wallet, at around 8:49 a.m. UTC. The blockchain analytics firm confirmed that this wallet belongs to Bitstamp.

Additionally, the transaction data revealed that Mt. Gox’s cold wallet received Bitcoin the previous night from another one of their wallets, in a transaction that sent 12,000 BTC (valued at $709.44 million) to an unknown address.

Bitstamp is among the centralized exchanges selected by Mt. Gox’s trustee to facilitate Bitcoin repayments to creditors of the defunct exchange. Other exchanges, such as Kraken, have already begun processing these repayments.

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Mt. Gox, established in 2010 and based in Japan, was once the largest Bitcoin exchange globally until it suffered a massive hack in 2014, resulting in the loss of at least 850,000 BTC.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.