Mt Gox | ForkLog

ForkLog 12 16.07.2024

Mt.Gox Bitcoin Transfers Shake Market with $6 Billion Move

The bankrupt exchange Mt.Gox has transferred 47,229 BTC ($2.99 billion) and 48,641 BTC ($3.1 billion) to unidentified addresses, according to data from Arkham. 16 July 2024 | 14:30Update: One of the major recipients of creditors’ assets—bitcoin and Bitcoin Cash—is the American exchange Kraken. Data: Arkham. Previously, the platform moved 44,527 BTC (~$2.84 billion) between internal […]

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ForkLog 5 08.07.2024

Bitstamp Vows Swift Distribution of Mt.Gox Payouts

Cryptocurrency exchange Bitstamp has pledged to swiftly distribute the bitcoins owed to its clients from Mt.Gox, despite a 60-day deadline. This was reported by The Block. This deadline is mentioned in the agreement with the trustee of the bankrupt platform. Kraken has a maximum processing time of 90 days for payouts, while BitGo’s is up […]

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ForkLog 16 27.06.2024

JPMorgan Assesses Impact of Mt.Gox Bitcoin Sales

In July, creditors of Mt.Gox are likely to sell a portion of the returned bitcoins, which will exert pressure on the market, according to analysts at JPMorgan, reports The Block. On June 24, Bitcoin fell below $60,000 following the trustee of the collapsed exchange’s announcement of plans to begin compensation payments in July. The bankruptcy […]

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ForkLog 6 25.06.2024

Mt.Gox’s Impact on Bitcoin May Be Overstated, Says Expert

The bearish pressure associated with the distribution of Mt.Gox assets may be less significant than market participants anticipate. This is the view of Sam Callahan from Swan Bitcoin, as reported by CoinDesk. “Creditors who wanted to cash out their coins over the past decade had the opportunity to do so by selling their bankruptcy claims. […]

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ForkLog 9 24.06.2024

Bitcoin Dips Below $62,000 Amid Mt.Gox Payout News

The trustee of the defunct Mt.Gox exchange, which went bankrupt in 2014, announced plans to begin compensation payments in Bitcoin, Bitcoin Cash, and cash at the start of July. This decision follows the completion of preparatory processes, including technical support, compliance with regulations in each country, and coordination of transfers with each cryptocurrency exchange. Payments […]

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ForkLog 10 31.05.2024

Bitcoin Faces Uncertainty Amid Mt.Gox Compensation Distribution

Bitcoin is experiencing uncertainty due to the distribution of Mt.Gox compensations. Ethereum may find itself in a favorable position following the approval of spot ETFs. Meme tokens continue to attract traders’ attention. The price of Bitcoin is being held back by uncertainty surrounding the potential distribution of assets from the Mt.Gox exchange. This is reported […]

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ForkLog 21 28.05.2024

Former Mt.Gox Chief Comments on $9.8 Billion Bitcoin Movement

Mark Karpeles, the former owner and head of the Mt.Gox exchange, does not foresee a sell-off of bitcoins distributed among the platform’s clients. As far as I know everything is fine with MtGox. The trustee is moving coins to a different wallet in preparation of the distribution that will likely happen this year, there is […]

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ForkLog 7 28.05.2024

Mt.Gox Transfers Over $9 Billion in Bitcoin

The bankrupt exchange Mt.Gox, which collapsed in 2014, has begun actively moving bitcoins for the first time in five years, according to Arkham. Within a few hours, the platform transferred over 128,000 BTC (~$8.7 billion) from a cold wallet to a new address through a series of transactions. May 28, 2024 | 19:29Update: According to […]

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ForkLog 13 24.04.2024

Potential Bitcoin Market Impact from Mt.Gox Creditor Sales Highlighted by Analysts

The impending sale of 142,000 BTC (>$9 billion) by creditors of the defunct Mt.Gox platform in the coming weeks could “spook the market” and exert pressure on Bitcoin. This conclusion was reached by K33 Research. It is anticipated that Mt.Gox will distribute its assets, comprising 142,000 BTC, 143,000 BCH, and 69 billion yen, to clients […]

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ForkLog 6 22.04.2024

Mt.Gox Trustee Updates Creditor Payout Information

Reddit users reported the disclosure of amounts in Bitcoin, Bitcoin Cash, and Japanese yen to be paid to Mt.Gox users. According to a screenshot, the claims accounts now display a table with the status of repayments, including completed and pending obligations. Source: Reddit. Some platform clients have reported receiving fiat currency in their bank accounts. […]

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ForkLog 12 23.01.2024

Mt.Gox Confirms Client Addresses for Compensation

Reddit users reported receiving emails from the defunct exchange Mt.Gox, in which the administration confirmed cryptocurrency wallet addresses for compensation purposes. The correspondence was directed at clients of Kraken and Bitstamp, who were required to provide their addresses to receive payments in Bitcoin and Bitcoin Cash (BCH). According to the email, centralized exchanges will act […]

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ForkLog 4 26.12.2023

Mt.Gox creditors begin receiving payments

Mt.Gox, the Bitcoin exchange that collapsed nearly ten years ago, has begun paying funds to some creditors.

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