Arkam Believes BitGo Is the Address that Received $2.25b BTC from Mt. Gox

IconCryptoNewsTerminal Staff31 Jul, 2024

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Arkam Believes BitGo Is the Address that Received $2.25b BTC from Mt. Gox

Arkam, a widely known blockchain analytics firm, has concluded that the address that received 33,963.888 BTC, equal to $2.25 billion, from a supposed address belonging to Mt. Gox this morning is likely that of BitGo. Mt. Gox is a cryptocurrency exchange that tasked BitGo with repaying its creditors. Post this transaction, the remaining assets of Mt. Gox, approximately 46,160 BTC, are sitting in a new address, 1MUQEiiQEckiBkrQswqq225nQTRWJ5SXZZ, worth roughly $3.06 billion. ```