Matt Gox transfers $2.5B in Bitcoin to an anonymous wallet, the payout is 40% higher.
Uninterrupted crypto exchange Mt. Gox transferred 37,477 bitcoins, worth $2.5 billion at current prices, to an unknown wallet address.
According to data from blockchain analytics platform Arkham Intelligence, MT Gox transferred 37,477 BTC to a new address at 4:53 am UTC on July 24.
Of this sum, 5,106 BTC was re-sent to a separate cold wallet owned by Mit Gox.
The move comes less than 24 hours after the exchange transferred $2.8 billion in BTC to multiple wallets on July 22, when $340 million was sent to four wallets linked to crypto exchange Bitstamp.
Bitstamp to return money to creditors from Mt. Gox is one of five exchanges that work with Trustee.
According to CryptoQuant data since publication, for Mt. Gox lenders account for more than 40% of Bitcoin in circulation. That means 60 percent, or about $5.6 billion, has yet to be returned to creditors.
The Mt. Gox fees are bad for Bitcoin?
About $9 billion worth of bitcoins are worth 127,000 Mt. Gox owed money to creditors. They have been waiting for more than 10 years to get their money back after the exchange collapsed due to a major security exploit in 2014.
Related: Mt. Gox prepares to pay on Bitstamp, performs test transactions
While some saw it as a wholesale phenomenon, many analysts suggested that the fears were overblown.
Alex Thorne, head of research at Galaxy Digital, said that more than half of the bitcoins paid to lenders are owed to different funds and therefore never reach the direct market.
Thorne added that even the funds paid directly to individual lenders are unlikely to come to market at once, perhaps because many of the Mt. Gox says lenders are more “diamond-handed” than some might think.
Other market analysts told Cointelegraph on July 15 that they Mt. Gox's potential impact on Bitcoin, most believed that it was already “in the price” and Bitcoin's price action was firmly in the rearview mirror.
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