Mt. Gox sends $75 million in bitcoin to Bitstamp crypto exchange

Reported by The Block: Mt. Gox moved about 1,265 BTC  ($75 million) to Bitstamp early morning on Wednesday.

The exchange also sent over $700 million worth of bitcoin to an unknown wallet last night.

Mt. Gox appears to have transferred about $75.36 million in bitcoin to Bitstamp’s wallet address, which may indicate that another payout to creditors is imminent.

According to data from Arkham, 1264.69 was transferred from Mt. Gox’s cold wallet address “1Jbez…LAPs6” at around 8:49 a.m. UTC to the wallet address “3HXo1…wsuXH.”   The blockchain analytics firm identified the latter address as owned by Bitstamp.

According to Arkham's data, the Mt. Gox cold wallet received bitcoin last night from another Mt. Gox wallet, “1MUQE…5SXZZ.”   The transaction sent 12,000 BTC ($709.44 million) to an unknown wallet.

Bitstamp is one of the centralized exchanges the Mt. Gox trustee nominated to distribute bitcoin repayments to the defunct crypto exchange’s creditors.  Several exchanges, including Kraken, have already sent the repayments.

Established in 2010, Japan-based Mt. Gox operated the largest bitcoin exchange in the world until the platform was hacked in 2014, resulting in the loss of at least 850,000 BTC.