BitGo wallet receiving $2.19B from Mt. Gox initiated test transactions

Aug 14, 2024 Aug 14, 2024

Arkham Intel suggests the wallet could be BitGo, involved in Mt. Gox creditor distributions.

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The wallet holds 33,105 BTC worth $1.96B, down from $2.19B due to BTC price drop.

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67.7% of Mt. Gox’s $3.2B distribution to creditors is completed, with minimal market impact.

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Over $9.4B in Bitcoin is owed to Mt. Gox creditors, with repayments via exchanges like Kraken.

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