Mt.Gox has repaid 95,457 bitcoins, and all four repayments caused market declines
On July 31, 2024, the Mt. Gox exchange issued an announcement stating that the trustee repaid some creditors in the form of Bitcoin and Bitcoin Cash through some designated cryptocurrency exchanges on July 5, 16, 24 and 31 in accordance with the compensation plan. To date, more than 17,000 creditors have been repaid.
Image: Announcement released by Mt.Gox Exchange
According to data from search.ichainfo.com, Mt.Gox has repaid 95,457 of the total 141,619 bitcoins, with a total value of up to US$6.16 billion, accounting for 67% of the total.
Mt.Gox executed compensation through a total of five exchanges, namely Bitbank, SBI VC Trade, Kraken, Bitstamp, and BitGo. Since the first four exchanges had already received bitcoins from Mt.Gox before July 31, the address that received 33,963 bitcoins on that day was most likely BitGo.
Image: Distribution of Mt.Gox repayment funds
1HRAprcXCzx1YqYv7dcCcDzf3vYVGPv3b2
12Gws9EsEiDZLinu2SWkHdk7TcobjTau9u
1MUQEiiQEckiBkrQswqq225nQTRWJ5SXZZ
In the compensation carried out by Mt.Gox Exchange in July, the virtual currency market was greatly affected. According to search.ichainfo.com, on the day of compensation and the next day, the price of Bitcoin fell to varying degrees, with a drop of between 4% and 8%.
In order to monitor the changes in funds in the remaining addresses of the Mt.Gox exchange, iChainfo Search launched the Mt.Gox special page (https://search.ichainfo.com/entity/mtgox), which displays the fund balances and latest transactions of Mt.Gox related addresses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Successfully recovered the Starship upper stage, SpaceX debuts “chopstick ship-clamp,” analyst: the most critical step supporting its trillion-dollar valuation
SpaceX has, for the first time, used the launch tower's mechanical arm to catch the Starship spacecraft mid-air, setting a precedent for orbital spacecraft recovery via tower mechanism in aerospace history. Bernstein analysts believe this is a key step supporting SpaceX's multitrillion-dollar valuation—full reusability will significantly reduce orbital costs, directly enhancing Starlink deployment efficiency and raising the commercial ceiling. Morgan Stanley warns that the market is underestimating the value of this mission, as it will significantly lower execution risks tied to commercial reuse and the expansion of AI-powered space computing capacity.
Solana falls 10%, $69 million in liquidations as ETF outflows weigh on price
Zcash faces $1.4 million liquidation cluster near $860 as losses continue
Arbitrum leads DeFi stablecoin growth with $91.8 million surge, ARB eyes $0.28 target
Crypto prices
More
