Mt. Gox is moving its Bitcoin again.
Late Thursday, the collapsed exchange moved 500 Bitcoin—worth over $35 million—to cold storage, according to data and wallet labels from blockchain tracker Arkham Intelligence.
It isn’t clear why the Bitcoin was moved, and Mt. Gox didn’t immediately respond to Decrypt’s questions.
But the exchange is in the long-delayed process of giving back crypto to former clients who lost investments when the Japanese company discovered in 2014 that it had been hacked for a substantial sum of Bitcoin.
Top crypto exchanges Kraken, Bitstamp, Bitbank, SBI VC Trade, and BitGo are in charge of distributing the coins to former Mt. Gox clients. Some of the repayments have already taken place, but that doesn’t mean that the process will be completed anytime soon.
Earlier this month, the exchange
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Author: Mathew Di Salvo
