Mt. Gox conducted transactions with 27,000 BTC per day

The case of Mt. Gox, the cryptocurrency exchange that went bankrupt in 2014, is nearing completion. Over the past 24 hours, the exchange has carried out large-scale transfers, moving more than 27,871 BTC worth about $ 2.8 billion. Arkham Intelligence data suggests that these transfers are likely an internal restructuring of funds. The exchange’s balance now stands at 39,700 BTC, valued at $ 3.8 billion.

Payments to Mt. Gox creditors have been postponed from October 31, 2024 to October 31, 2025. Liquidators are actively preparing for the final distribution of funds to affected customers. Earlier, in July this year, about $ 7 billion was distributed through the Kraken crypto platform. All of these measures are aimed at compensating clients who have been waiting for their funds to be returned since 2014.

Despite the scale of the transfers, their impact on the price of bitcoin BTC $103,872.68 Bitcoin -2.75% Market capitalization $2.06 trillion VOL. 24 hours $3.51 billion remains minimal due to the high liquidity of the market and the significant institutional adoption of cryptocurrency. This suggests that the current bitcoin market is much more resilient to such events than in the past.

The finalization of Mt. Gox’s payout will be an important conclusion to one of the largest cryptocurrency thefts in history, when about 850,000 BTC were lost. This situation reminds us of the importance of strengthening security in new crypto projects to avoid similar incidents in the future.