Mt. Gox Wallet Transfers $16.8 Million in Bitcoin to Kraken
Mt. Gox moved 185 BTC to Kraken and $936M worth of Bitcoin to an internal wallet, continuing creditor-related transfers from its historic holdings.
BTC
Summary
On Nov. 18, Mt. Gox transferred 185 Bitcoin, valued at about $16.8 million, to U.S.-based crypto exchange Kraken following a test transaction. Additionally, the exchange moved $936 million worth of Bitcoin to another Mt. Gox-controlled wallet. The last major activity from Mt. Gox wallets occurred eight months earlier, when $77.4 million in Bitcoin was sent to Kraken for creditor distribution.
Terms & Concepts
- Mt. Gox: A now-defunct cryptocurrency exchange that was once the largest Bitcoin trading platform before its collapse in 2014.
- Kraken: A major U.S.-based cryptocurrency exchange offering spot and futures trading for digital assets.