Creditor payments began after a series of transfers in which the exchange’s guarantor moved 48,641 BTC, worth over $3 billion. According to analytics company Arkham Intelligence, 37,477 BTC were returned to MtGox’s cold wallet on July 23, and today they were moved to an unknown address.
Recall that on July 16, the exchange moved about 140,000 BTC in a day for a total of about $9 billion to various crypto addresses. One of the recipients of the funds was the Kraken exchange. Users who received payments stated on Reddit that they would spend the funds received on purchasing real estate.
The Bitcoin rate has barely reacted to the news of the start of payments and transfer of funds to creditors of the bankrupt exchange. Over the past 24 hours, the Bitcoin price has fallen by about 1% to $66,200.
Earlier, JPMorgan analysts led by Nikolaos Panigirtzoglou noted that the liquidation of bitcoins by creditors of the MtGox exchange became negative factors affecting the crypto industry.
Source: Bits
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