Mt. Gox, a defunct exchange, has resumed transferring funds, sending over $3.2 billion worth of 47,500 Bitcoin to two anonymous addresses. The actual value of Mt. Gox’s assets is likely closer to 42,744 BTC, or $2.85 billion.
Plans to pay creditors are underway, as the collapsed exchange issued a repayments statement on July 5. A wallet from Mt. Gox transferred 5,110 BTC, or $340 million, to an unidentified wallet and the Bitstamp crypto exchange.
Bitstamp received $149 million of the 5,110 BTC, while an unknown address received 2,871 BTC, valued at around $191 million. Another unidentified address received 42,587 BTC, equivalent to $2.85 billion.
The Mt. Gox Trustee is collaborating with five exchanges, including Bitstamp. A Reddit survey contradicts financial experts’ claims that 99% of creditors will sell their coins “the moment” they got them.
The most recent $3.2 billion in Bitcoin sent out of the Mt. Gox address brings the total to more than $12 billion sent to creditors since July 16.
