{"id":16073,"date":"2024-08-13T19:27:44","date_gmt":"2024-08-13T16:27:44","guid":{"rendered":"https:\/\/forklog.com\/en\/bitgo-transfers-2-billion-in-bitcoin-linked-to-mt-gox\/"},"modified":"2024-08-13T19:27:44","modified_gmt":"2024-08-13T16:27:44","slug":"bitgo-transfers-2-billion-in-bitcoin-linked-to-mt-gox","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitgo-transfers-2-billion-in-bitcoin-linked-to-mt-gox\/","title":{"rendered":"BitGo Transfers $2 Billion in Bitcoin Linked to Mt. Gox"},"content":{"rendered":"<p>Custodian BitGo has transferred 33,140.4 BTC (approximately $1.97 billion) associated with the defunct crypto exchange Mt. Gox, according to analysts at Arkham.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: Bitgo has just moved $2B of Mt. Gox BTC. <a href=\"https:\/\/t.co\/3aPFPhmGGN\">pic.twitter.com\/3aPFPhmGGN<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1823375642953486636?ref_src=twsrc%5Etfw\">August 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This is the last of five platforms working with the trustee to distribute funds to creditors.<\/p>\n<p>Hours before the main transaction, researchers detected a test transfer from BitGo. Two weeks prior, this address had received 33,100 BTC from a Mt. Gox cold wallet.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: MOVEMENTS FROM $1.95B MT GOX BTC WALLET<\/p>\n<p>A Wallet that received $2.19B Bitcoin from Mt. Gox has just initiated test transactions.<\/p>\n<p>This wallet bc1q26 is likely Bitgo, the 5th and final exchange working with Mt. Gox Trustee to distribute funds to Mt. Gox creditors.<\/p>\n<p>Are\u2026 <a href=\"https:\/\/t.co\/w0j2aCg2Gc\">pic.twitter.com\/w0j2aCg2Gc<\/a><\/p>\n<p>\u2014 Arkham (@ArkhamIntel) <a href=\"https:\/\/twitter.com\/ArkhamIntel\/status\/1823329015450525765?ref_src=twsrc%5Etfw\">August 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Meanwhile, some users on a related Reddit thread <a href=\"https:\/\/www.reddit.com\/r\/mtgoxinsolvency\/comments\/1equnk5\/bitgo_btcbch_received\/\">reported<\/a> receiving compensation from BitGo.<\/p>\n<p>Other organizations distributing Mt. Gox assets include Bitbank, Kraken, Bitstamp, and SBI VC Trade. Most creditors on these platforms have already begun receiving their funds.\u00a0<\/p>\n<p>According to <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/entity\/mt-gox\">Arkham<\/a>, the collapsed platform&#8217;s addresses still hold 46,164 BTC valued at $2.75 billion.\u00a0<\/p>\n<p>In late July, Mt. Gox moved $2.25 billion in bitcoin, though analysts were unable to identify the recipient.\u00a0<\/p>\n<p>Experts at Glassnode assessed the potential impact of creditor sales on the price of bitcoin. They believe the market can &#8220;absorb&#8221; the negative pressure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Custodian BitGo has transferred 33,140.4 BTC (approximately $1.97 billion) associated with the defunct crypto exchange Mt. Gox, according to analysts at Arkham. BREAKING: Bitgo has just moved $2B of Mt. Gox BTC. pic.twitter.com\/3aPFPhmGGN \u2014 Arkham (@ArkhamIntel) August 13, 2024 This is the last of five platforms working with the trustee to distribute funds to creditors. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,194,1227,136],"class_list":["post-16073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitgo","tag-cryptocurrency-transactions","tag-mtgox"],"aioseo_notices":[],"amp_enabled":true,"views":"35","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16073"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16072"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}