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Defunct crypto exchange Mt. Gox transferred approximately $172.5 million worth of Bitcoin to unknown wallets less than 24 hours after the leading crypto recorded a new all-time high above $107K. On-chain data from Arkham Intelligence shows that Mt. Gox moved 1,691.6 Bitcoins to two unlabeled addresses on Dec. 17.  Reasons For The Latest Mt. Gox BTC Transfers Still Unclear The 1,691.6 BTC moved by the exchange were split between two transfers of 1,427.9 Bitcoins and 191.7 Bitcoins. A portion of the largest amount ended up in a wallet starting with “1DeY” after moving through another address. 108 BTC from the 1,427.9 Bitcoin transfer and the smaller 191.7 BTC amount were then cycled through several addresses before ending up in an address starting with “1KLr,” which on-chain data shows currently holds 300 BTC. The reasoning behind the latest transfers by the long-defunct crypto exchange remains unclear. Past movements by Mt. Gox have, however, been fol...

Creditors of hacked crypto exchange Mt. Gox have been contacted by its trustee to confirm their account details, as the firm gears up to repay them, with at least two creditors reportedly receiving funds. In an email sent to several creditors, Mt. Gox’s rehabilitation trustee has confirmed the existence of their accounts and indicated that repayments of bitcoin and bitcoin cash are anticipated. “Please note that you may not be able to receive repayment in BTC/BCH if your account is disabled of frozen in the future,” the email warned. Several creditors have shared their copy of the email on Reddit. It appears that Bitstamp users and several Kraken users have received the confirmation. BREAKING: Mt. Gox confirms creditors' #Bitcoin addresses for repayment. Chances of 200,000 #BTC to hit the market over the next two months, per Reddit post pic.twitter.com/ABWLo6iPEw — Simply Bitcoin (@SimplyBitcoinTV) January 23, 2024 Read more: Who owns MtGox claims...