Mt Gox moves nearly 47,229 BTC ahead of $9 billion payout

Mt Gox has said that it would begin distributing over $9 billion worth of funds to its creditors in early July.

Collapsed cryptocurrency exchange Mt Gox moved over 47,000 BTC to another wallet late evening on Thursday, according to Arkham Intelligence. This comes ahead of its impending $9 billion worth of bitcoin repayment to creditors.

In late June, the defunct bitcoin exchange announced that it would begin distributing over $9 billion worth of funds in bitcoin, bitcoin cash and fiat currency to its creditors in early July.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheBlock__ /  🏆 464. in US

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BTC Tanks to $61K as Long-Awaited Mt. Gox Repayments to Begin in JulyCrypto Blog
Read more »

Mt. Gox to Begin Repayments in July; BTC Slides Under $61KShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »

Bitcoin exchange balances ‘overrated?’ 140K BTC Mt. Gox payout sparks debateBitcoin pundits hold differing views on the Mt. Gox payouts versus BTC price strength.
Read more »

Mt. Gox Redemption Fears ‘Overblown’ Say Traders as $10B BTC Holdings Draw ConcernsShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »

First Mover Americas: Mt. Gox Repayments Worsen BTC WoesJamie Crawley is a CoinDesk news reporter based in London.
Read more »

More Than 140,000 BTC From Mt.Gox Hack to Be Repaid: Market EffectBreaking: Bitcoin lost in hack back in 2011 will finally be redistributed
Read more »