Key Takeaways
- A Mt. Gox wallet sent a small amount of Bitcoin to an unknown address on Tuesday.
- The wallet still holds over $8.8 billion in Bitcoin.
A wallet linked to the defunct exchange Mt. Gox transferred 0.021 Bitcoin (BTC), worth around $1,300, to an unidentified address earlier today, according to data from Arkham Intelligence. Bitcoin dropped below $64,000 shortly after the wallet move.The purpose of this transfer is unclear, though it is believed to be a test transaction before large-scale transfers. Mt. Gox’s trustee confirmed it started the repayment process on July 5.Some Reddit users reported that their Bitbank accounts received Bitcoin and Bitcoin Cash from Mt. Gox under the repayment plan. Bitbank is among the exchanges that support the repayment process. As reported, the refund is not being made directly to holders. Funds are instead sent to designated exchanges, such as Kraken, Bitstamp, SBI, Bitbank, and BitGo. The exchanges have each said that they will allow Bitcoin withdrawals for up to 90 days after receiving the funds.
At the time of reporting, the Mt. Gox-labeled wallet holds over 138,900 BTC, valued at $8.8 billion.
