Following Kraken’s latest distribution, Bitstamp has said it is ready to pay back creditors of the now-defunct Mt. Gox Bitcoin exchange. The exchange stated that it had received Bitcoin, Bitcoin Cash, and Ethereum from the Mt.
Gox Trustee will help hackers get their Funds back. Users were told by Bitstamp that payments could start on Thursday, July 25. They were also told that there is a different payment plan for people in the UK. But the exact amount that Mt. Gox sent was not made public.
Bitcoin Transactions Found By Arkham
A blockchain intelligence company called Arkham found four BTC transactions coming from the now-defunct exchange on July 23. At least two of these payments went to wallets on Bitstamp.
The data showed that 2,237 BTC, worth $147 million, and 382 BTC, worth $25 million, were sent to and from the BTC exchange. Around the same time as the Bitstamp transactions, Mt. Gox’s Trustee sent 32,371 BTC, which is worth $2.13 billion, to an unnamed wallet.
Bitstamp’s statement shows how hard people are working to repay Mt. Gox’s creditors. The exchange, which went out of business in 2014 after six significant hacks between 2011 and 2014, owes about 20,000 users $9 billion in BTC and other cryptocurrencies.
Even though the leaks cost a lot of money, the hackers who did them have never been caught. The Mt. Gox situation is still a major deal in BTC history because it shows how vulnerable and strong the cryptocurrency market is.
