MtGox first sent 31.78 BTC to one address, and then 468.24 BTC to the second. This was the first major movement of cryptocurrencies that the exchange has made since the end of September. Arkham Intelligence analysts clarified that MtGox still stores 44,905 bitcoins, the value of which now exceeds $3.1 billion.
Given that recipient addresses are not tagged, it is unknown whether these transactions are considered a signal for subsequent compensation payments to MtGox creditors. In July, large movements of bitcoins amounting to about $9 billion from the wallet were already recorded, after which MtGox asset trustee Nobuaki Kobayashi began distributing funds to creditors. At the end of July, some lenders received transfers in BTC and BCH through the Kraken marketplace.
The MtGox exchange was founded in 2010, but four years later, in 2014, it suffered from a serious hack, as a result of which 850,000 BTC were lost. Thousands of creditors have been forced to wait nearly a decade for the return of stolen crypto assets.
Earlier this month, MtGox extended the repayment period for affected investors from October 31, 2024 to October 31, 2025, as people were unable to complete the necessary paperwork to receive the funds.
Source: Bits
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