BitBank Users Report Receiving Mt.Gox Repayments, Exchange Deposits $848.7M in BTC
CryptoNewsTerminal Staff05 Jul, 2024
BitBank Users Report Receiving Mt.Gox Repayments, Exchange Deposits $848.7M in BTC
According to the Reddit community, multiple users of the Japanese crypto exchange BitBank, designated as the payout exchange by the bankrupt crypto exchange Mt.Gox, have reported that they "received BTC and BCH repayments from Mt.Gox." They specifically mentioned that "the repayment amounts received exactly matched the repayment amounts Mt.Gox had disclosed to creditors." Meanwhile, it has been discovered that Mt.Gox deposited 1,544.67 BTC, worth approximately $848.7 million, into BitBank's hot wallet via the address '1PKGGM' on the same day. This indicates a significant movement of funds potentially related to the ongoing Mt.Gox repayment process.