Mt. Gox Moves $3.2 Billion in Bitcoin Amid Accelerated Creditor Repayments

On July 23, Mt. Gox moved over 47,500 Bitcoin, worth nearly $3.2 billion, to two unknown addresses at 5:05 am and 6:27 am UTC, according to Arkham Intelligence data. Although Mt. Gox was reported to hold 90,344 Bitcoin valued at $6.02 billion, its current holdings have decreased to approximately 42,744 BTC, worth $2.85 billion. Following a statement on July 5 about repayments, Mt. Gox plans to promptly compensate creditors, and these plans appear to be well underway. The Mt. Gox wallet labeled “Mt. Gox: Cold Wallet (1Jbez)” recently sent 5,110 BTC, worth around $340 million, to an unknown wallet and