Mt. Gox Outflows Likely Landed at Kraken, Blockchain Firm Arkham Reports
CryptoNewsTerminal Staff16 Jul, 2024
Mt. Gox Outflows Likely Landed at Kraken, Blockchain Firm Arkham Reports
Blockchain analytics firm Arkham Intelligence reported that Mt. Gox moved 48,641 BTC ($3.07B) to an unknown address likely associated with Kraken. The funds remain in the unknown address, while two Mt. Gox trustee addresses hold 43,114 BTC ($2.74B). CoinDesk previously reported that Kraken received funds from Mt. Gox's trustee to distribute to creditors and planned to begin repayments within 7-14 days. This development marks a significant step towards the resolution of the long-standing Mt. Gox bankruptcy case.