Defunct Bitcoin exchange Mt. Gox has shifted billions in Bitcoin between wallets and sent $130 million to Bitstamp over two days.
This movement is part of ongoing repayments to customers affected by a hack ten years ago.
On Wednesday, Mt. Gox transferred 37,400 BTC, valued at $2.5 billion, to a new wallet, “12Gws9E.”
An additional $300 million was moved to an existing cold wallet, and $300 million to another wallet, “1MzhW,” with $130 million directed to Bitstamp. Despite these large transactions, Bitcoin prices remained steady between $66,000 and $67,000.
This followed similar transactions on Tuesday when Mt. Gox moved another $130 million to Bitstamp and shuffled $2.5 billion between wallets. Some creditors also reported receiving their Bitcoin repayments on Kraken.
Mt. Gox, which began its repayment process earlier this month, still holds over $6 billion in Bitcoin. Initially, it had $9 billion on July 10. The total repayments include over $9 billion in Bitcoin and $73 million in Bitcoin Cash, with distribution expected to continue over the next few months.
