{"id":15473,"date":"2024-07-24T09:47:02","date_gmt":"2024-07-24T06:47:02","guid":{"rendered":"https:\/\/forklog.com\/en\/mt-gox-creditors-receive-funds-via-kraken-reports-suggest\/"},"modified":"2024-07-24T09:47:02","modified_gmt":"2024-07-24T06:47:02","slug":"mt-gox-creditors-receive-funds-via-kraken-reports-suggest","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mt-gox-creditors-receive-funds-via-kraken-reports-suggest\/","title":{"rendered":"Mt.Gox Creditors Receive Funds via Kraken, Reports Suggest"},"content":{"rendered":"<p>Creditors of the bankrupt exchange Mt.Gox have begun receiving Bitcoin and Bitcoin Cash transfers to their Kraken accounts, according to a report by <a href=\"https:\/\/www.theblock.co\/post\/307024\/mt-gox-creditors-start-receiving-bitcoin-and-bitcoin-cash-on-kraken\">The Block<\/a>, citing their Telegram group.<\/p>\n<p>The payouts commenced following a series of transactions in which the platform&#8217;s trustee moved a total of 48,641 BTC, valued at over $3 billion.<\/p>\n<p>According to <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/address\/15yPUCW9XRmPpNtQkzYogtfgi99pk8rvwe\">Arkham Intelligence<\/a>, on July 23, 37,477 BTC ($2.47 billion) returned to a Mt.Gox cold wallet, only to be transferred to an unidentified address the following day.<\/p>\n<p>The service reports that no assets remain at the exchange&#8217;s address.<\/p>\n<p>On July 16, the bankrupt company moved 47,229 BTC ($2.99 billion) and 48,641 BTC ($3.1 billion) to unidentified addresses, with Kraken being one of the recipients.<\/p>\n<p>At that time, Mt.Gox was set to distribute a total of 138,985 BTC, valued at approximately $8.74 billion. Analysts speculated that the sales could exert pressure on the market, though some believe such concerns are overstated.<\/p>\n<p>The recent movement of funds negatively impacted the leading cryptocurrency. On July 23, the asset fell from $68,200 to $66,500, a decline of 2.5%.<\/p>\n<p>Earlier, analysts at Glassnode assessed the impact of Mt.Gox clients&#8217; sales on Bitcoin&#8217;s price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Creditors of the bankrupt exchange Mt.Gox have begun receiving Bitcoin and Bitcoin Cash transfers to their Kraken accounts, according to a report by The Block, citing their Telegram group. The payouts commenced following a series of transactions in which the platform&#8217;s trustee moved a total of 48,641 BTC, valued at over $3 billion. According to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[193,136],"class_list":["post-15473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-kraken","tag-mtgox"],"aioseo_notices":[],"amp_enabled":true,"views":"44","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15473"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15472"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}