Kraken announced that it has received funds from bankrupt crypto exchange Mt. Gox, according to an emailed statement.
The email stated:
We have successfully received the creditor funds (BTC and BCH) from the trustee of Mt. Gox. While we are striving to distribute these funds as quickly as possible, please allow 7-14 days for them to be credited to your account. The amount you will receive is determined by the custodian and we will distribute it according to their instructions.
Earlier today, Mt. Gox transferred approximately 92,000 BTC, worth $5.8 billion, to several unidentified addresses.
This comes after Mt. Gox announced on July 5 that it had begun paying creditors through certain cryptocurrency exchanges as part of its turnaround plan. The timing of these payments is expected to vary from exchange to exchange.
The official email can be seen below:
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BlueBird Mining Ventures, a London-listed firm traditionally focused on gold, is making headlines after announcing it will liquidate its gold reserves and begin accumulating Bitcoin as a treasury asset.
Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.
Bitcoin is treading water near $105,000, but pressure is building on both sides of the trade as macro forces tighten.