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CryptoIntelligence 2024-07-23 03:02:00

Mt. Gox Begins Test Transactions for Creditor Repayments via Bitstamp

Mt. Gox is gearing up to repay creditors through the Bitstamp cryptocurrency exchange, as indicated by recent onchain fund movements. The Mt. Gox address has initiated test transactions to Bitstamp’s cold wallets. Blockchain intelligence firm Arkham Intelligence identified these transactions in a July 22 X post. “Mt. Gox addresses deposited $1 to 4 separate Bitstamp deposit addresses. Bitstamp is 1 of 5 exchanges working with the Mt. Gox Trustee to facilitate creditor repayments These transfers are likely to represent test transactions.” More than $9.4 billion worth of Bitcoin is owed to approximately 127,000 Mt. Gox creditors who have been

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