Mt. Gox Moves More Than $2 Billion in Bitcoin to a New Address

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Arkham Intelligence has reported that the now-defunct Mt. Gox exchange transferred over $2 billion to a new address on Tuesday.

This transaction occurred at 7:28 p.m. ET and the address begins with “bc1q26.” The owner of the address is currently unknown.

This is the latest in a series of transfers from Mt. Gox, with billions of dollars worth of Bitcoin being sent to other designated crypto exchanges such as Bitbank, Kraken, Bitstamp, and SBI VC Trade over the past few weeks.

Some of these exchanges, like Bitstamp, have announced their plans to distribute these assets to Mt. Gox creditors starting on July 25.

The Mt. Gox trustee has also stated that they have made repayments in Bitcoin and Bitcoin Cash to certain creditors through designated crypto exchanges on July 5, 16, and 24.