(Tuesday 13 August 2024, 12:51 PM GMT):
In a significant move for the cryptocurrency market, a wallet linked to Mt. Gox, holding $2.19 billion worth of Bitcoin, has carried out a test transaction. This activity was detected by Arkham, a blockchain intelligence firm, and has sparked interest in the ongoing repayment process for Mt. Gox creditors.
The transaction involved a wallet known as bc1q26, which is believed to be connected to Bitgo. Bitgo is the fifth and final platform working with Mt. Gox trustees to distribute funds to those affected by the exchange’s collapse years ago. This test transfer is seen as a preparatory step before the funds are released to creditors.
Earlier announcement on July 16, 2024, Kraken confirmed that it had successfully received Bitcoin (BTC) and Bitcoin Cash (BCH) from the Mt. Gox trustee, marking a key milestone in the repayment process.
As the distribution of funds continues, these small but significant transactions signal that the long-awaited repayments to Mt. Gox creditors are steadily progressing.
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