news 
Mt.Gox Bitcoin Payout: Exchange Moves $152M Ahead of Major Repayments
The defunct cryptocurrency exchange, Mt. Gox, has started transferring a massive amount of Bitcoin (BTC) to new addresses, signaling significant progress in creditor repayments. This move comes ahead of major repayments scheduled for the next few months.
According to on-chain data analysis by Arkham Intelligence, Mt. Gox transferred 191.678 BTC worth around $20.42 million to a new address bc1q6h…gf9zaa earlier today. Furthermore, the exchange has transferred an additional 1,428 BTC, valued at approximately $152 million, to another new address 13JrY5…MVZJCX.
Following these recent transactions, Mt. Gox now holds 36,085 BTC worth roughly $3.84 billion, which will be distributed to creditors through various cryptocurrency exchanges.
It is essential to note that the closure of the Mt. Gox saga marks a significant milestone for the Bitcoin industry, particularly with mainstream adoption and web3 products on the rise.
Source: coinpedia.org
