Wallets associated with the defunct exchange Mt Gox, which is set to repay creditors in July, made two small transactions involving bitcoin. One transaction sent a small amount of funds to Bitbank, one of the five exchanges designated for making repayments to creditors. The other transaction sent funds to a new wallet. The transactions involved very small amounts of bitcoin and it is unclear whether they were test transactions for sending larger amounts. It is noteworthy that the bitcoin price has dropped over $10,000 in the last month ahead of the Mt Gox repayments. This drop could be attributed to several factors, including the recent market volatility and the uncertainty surrounding the impact of the repayments on the bitcoin market.
The Block•1 year ago•
950
Mt Gox Wallets Make Small Bitcoin Moves Ahead of Repayments - The Block
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Summary:
Wallets associated with Mt Gox, the defunct exchange set to repay creditors in July, made two small bitcoin transactions.
One transaction sent funds to Bitbank, an exchange designated for repayments.
The other transaction sent funds to a new wallet.
The transactions involved very small amounts of bitcoin, making it unclear whether they were test transactions for larger amounts.
The bitcoin price has dropped over $10,000 in the last month ahead of the Mt Gox repayments.
The drop could be attributed to market volatility and uncertainty surrounding the impact of repayments.
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