BTCUSD Damaging all the buyers!
A number of Mt Gox wallets were involved in two transactions over the last few hours ahead of the pending repayments of $9 billion of bitcoin.
The transactions involved three wallets previously associated with the collapsed exchange, according to Arkham Intelligence. The largest movement was for $24 of bitcoin.
When the Mt Gox funds were last moved with significant size, the funds were predominantly consolidated in three wallets. When this happened, there was $24 left in a wallet that was used as an intermediary at one point. In the last few hours, this small amount of bitcoin was forwarded on to a wallet that then sent funds to Bitbank's hot wallet, according to Arkham labeling. The rest of the bitcoin was sent to a new wallet.
Bitbank is one of the exchanges listed for supporting Mt Gox repayments. The repayments are not being made directly to bitcoin holders. Instead, the trustee is sending funds to five exchanges, namely Kraken, Bitstamp, SBI VC Trade, Bitbank and Bitgo. Each of these exchanges have said they will make the funds accessible to their customers within varying periods of up to 90 days once they are received.
However, since the small amount of bitcoin was not sent from any of the main wallets to the exchange, it's unclear whether this was a test transaction for sending larger amounts.
The transactions involved three wallets previously associated with the collapsed exchange, according to Arkham Intelligence. The largest movement was for $24 of bitcoin.
When the Mt Gox funds were last moved with significant size, the funds were predominantly consolidated in three wallets. When this happened, there was $24 left in a wallet that was used as an intermediary at one point. In the last few hours, this small amount of bitcoin was forwarded on to a wallet that then sent funds to Bitbank's hot wallet, according to Arkham labeling. The rest of the bitcoin was sent to a new wallet.
Bitbank is one of the exchanges listed for supporting Mt Gox repayments. The repayments are not being made directly to bitcoin holders. Instead, the trustee is sending funds to five exchanges, namely Kraken, Bitstamp, SBI VC Trade, Bitbank and Bitgo. Each of these exchanges have said they will make the funds accessible to their customers within varying periods of up to 90 days once they are received.
However, since the small amount of bitcoin was not sent from any of the main wallets to the exchange, it's unclear whether this was a test transaction for sending larger amounts.
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