MT Gox moves $2.2 billion in Bitcoin as it works to pay off creditors

MT Gox moved 32,371 Bitcoin to two wallets, which is worth $2.19 billion following the transfer of 500 Bitcoin worth more than $35 million in October, MT.

The discontinued crypto exchange Mt. Gox moved another $2.19 billion to two anonymous wallets, according to data from blockchain analytics firm Arkham Intelligence.

30,371 Bitcoin of $2.19 billion transferred to Wallet 1FG2C…Rveoy. The additional 2,000 Bitcoin was sent to a cold wallet before being transferred to a 15gNRV wallet. According to data from Arkham, the Bitcoin move comes five days after 500 Bitcoin worth more than $35 million was moved.

This is one of the biggest moves the exchange has made this year. In May, MT Gox reportedly transferred more than $9 billion worth of bitcoins to a new wallet. In July, the platform moved an additional $2.8 billion. In both of these cases, the MetGox trustee was allegedly preparing to pay creditors.

This additional movement of Bitcoin may be related to paying off creditors, something they have been waiting for since the hack in 2015. It caused the exchange to collapse in 2014. In October, MT Gox pushed back its payment deadline to October 31, 2025, adding another. Year from the first day.

Last month, Mit Gox extended the deadline down to two things: creditors not completing payment steps and issues with the payment process.