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:
Recent data from CryptoQuant CEO Ki Young Ju reveals a dramatic 75% reduction in net short positions for CME Bitcoin futures over the last five months.
A Bitcoin miner wallet, inactive for 15.7 years, recently came to life, transferring 50 BTC—valued at approximately $3.05 million—into another wallet.
Recent data reveals that Bhutan has unexpectedly taken the lead in state-held Bitcoin (BTC) reserves, boasting $782.46 million, significantly outpacing El Salvador, which holds $351.75 million.
Louisiana has become the latest U.S. state to accept cryptocurrency payments for state services.