Mount Gox remitted 2.5 billion dollars worth of bitcoins to an unknown address 40% repayment completed
Tom Mitchelhill
2024 July 24/15:10 COINTELEGRAPH
The bankrupt virtual currency exchange Mt. Gox (Mt. Gox) has remitted Bitcoin (BTC) worth 2.5 billion dollars at the current price to an unknown address. The remittance amount amounts to 0.03 million7477 BTC.
Blockchain analysis platform'sArkham Intelligence dataAccording to the report, Mount Gox moved 0.03 million7477 BTC to a new address at 4:53 a.m. (UTC) on 7/24.
Mt. Gox estimates $2.5 billion worth of Bitcoin on July 24. Source: Arkham Intelligence
Among them, 5106 BTC was transferred again to another cold wallet owned by Mount Gox.
Prior to this move, Mt. Gox moved BTC worth 2.8 billion dollars to multiple wallets on 7/22, of which 0.3 billion40 million dollars were transferred to 4 wallets related to the virtual currency exchange Bitstampmoney was sent。
Bitstamp is one of five exchanges that cooperate with Mount Gox's trustees to return funds to creditors.
According to data from CryptoQuant, at the time of writing the article, it is said that approximately 40% of the bitcoins that Mount Gox should pay to creditors were distributed. This means that 5.6 billion dollars, equivalent to the remaining 60%, have yet to be paid to creditors.
40% of the Bitcoin amounts to Mt. Gox creditors have been paid back. Source: CryptoQuant
What is the impact on Bitcoin prices?
Bitcoins worth about 9 billion dollars are scheduled to be reimbursed to approximately 0.12 million7,000 Mount Gox creditors, and they have been waiting for over 10 years since the exchange went bankrupt in response to a large-scale hacking incident in 2014.
Some people think that this huge in-kind payment will lead to a large-scale sale event, but several analysts have pointed out that concerns are exaggerated.
Alex Thorne, who is in charge of the research department at Galaxy Digital, says that more than half of the bitcoins that are reimbursed to creditors are for various funds, and they do not directly hit the market. Mr. Thorne said that bitcoins, which are directly reimbursed to individual creditors, are unlikely to enter the market, and many Mount Gox creditors are so motivated to continue holding them that they are called “diamond hands.”
Other analysts also told Cointelegraph that Mount Gox's impact has already been factored into the price of Bitcoin, and that Bitcoin's worst period has already passedIt's talking。
2024 July 24/15:10 COINTELEGRAPH
The bankrupt virtual currency exchange Mt. Gox (Mt. Gox) has remitted Bitcoin (BTC) worth 2.5 billion dollars at the current price to an unknown address. The remittance amount amounts to 0.03 million7477 BTC.
Blockchain analysis platform'sArkham Intelligence dataAccording to the report, Mount Gox moved 0.03 million7477 BTC to a new address at 4:53 a.m. (UTC) on 7/24.
Mt. Gox estimates $2.5 billion worth of Bitcoin on July 24. Source: Arkham Intelligence
Among them, 5106 BTC was transferred again to another cold wallet owned by Mount Gox.
Prior to this move, Mt. Gox moved BTC worth 2.8 billion dollars to multiple wallets on 7/22, of which 0.3 billion40 million dollars were transferred to 4 wallets related to the virtual currency exchange Bitstampmoney was sent。
Bitstamp is one of five exchanges that cooperate with Mount Gox's trustees to return funds to creditors.
According to data from CryptoQuant, at the time of writing the article, it is said that approximately 40% of the bitcoins that Mount Gox should pay to creditors were distributed. This means that 5.6 billion dollars, equivalent to the remaining 60%, have yet to be paid to creditors.
40% of the Bitcoin amounts to Mt. Gox creditors have been paid back. Source: CryptoQuant
What is the impact on Bitcoin prices?
Bitcoins worth about 9 billion dollars are scheduled to be reimbursed to approximately 0.12 million7,000 Mount Gox creditors, and they have been waiting for over 10 years since the exchange went bankrupt in response to a large-scale hacking incident in 2014.
Some people think that this huge in-kind payment will lead to a large-scale sale event, but several analysts have pointed out that concerns are exaggerated.
Alex Thorne, who is in charge of the research department at Galaxy Digital, says that more than half of the bitcoins that are reimbursed to creditors are for various funds, and they do not directly hit the market. Mr. Thorne said that bitcoins, which are directly reimbursed to individual creditors, are unlikely to enter the market, and many Mount Gox creditors are so motivated to continue holding them that they are called “diamond hands.”
Other analysts also told Cointelegraph that Mount Gox's impact has already been factored into the price of Bitcoin, and that Bitcoin's worst period has already passedIt's talking。
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米株80%日株20% 暗号株は総額の約40%以内
日本株は小型バイオ株中心 円高対応が課題
時折 ネコ画像付きで投稿します
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