Mt. Gox Transference to Bitstamp

Mt. Gox appears to have transferred about $75.36 million in bitcoin to Bitstamp’s wallet address, indicating a possible imminent payout to creditors.

According to data from Arkham, 1264.69 BTC (+2.28%) was transferred from Mt. Gox’s cold wallet address 1Jbez…LAPs6 at around 8:49 a.m. UTC to the wallet address 3HXo1…wsuXH. The blockchain analytics firm identified the latter address as owned by Bitstamp.

Arkham’s data indicates that the Mt. Gox cold wallet received bitcoin last night from another Mt. Gox wallet, 1MUQE…5SXZZ. This transaction sent 12,000 BTC ($709.44 million) to an unknown wallet.

Bitstamp is one of the centralized exchanges nominated by the Mt. Gox trustee to distribute bitcoin repayments to the defunct crypto exchange’s creditors. Several exchanges, including Kraken, have already processed repayments.

Established in 2010, Japan-based Mt. Gox was the largest bitcoin exchange in the world until it was hacked in 2014, resulting in the loss of at least 850,000 BTC.