Loading...
Market
What will be the price of Bitcoin on December 31, 2024, following the completion of Mt. Gox BTC redistribution?
2
Resolution / Starting Odds
Below $20,000 • 25%
$20,000 - $30,000 • 25%
$30,001 - $40,000 • 25%
Above $40,000 • 25%
Bitcoin price data from major exchanges like Coinbase, Kraken, and Binance
Story
Mt. Gox Moves $2.25B and $3.13B in Bitcoin Amid Ongoing Redistribution to Creditors
Jul 31, 2024, 12:57 AM
The bankrupt cryptocurrency exchange Mt. Gox has recently moved significant amounts of Bitcoin, totaling billions of dollars, between various addresses. On July 30, at 7:31 UTC+8, Mt. Gox transferred 0.02 BTC and 0.0001 BTC in what appears to be a test transaction. Following this, larger transfers were observed, including 33,964 BTC ($2.25 billion) to a new wallet and an internal transfer of 47,229 BTC ($3.13 billion). Analysts believe these movements are part of the ongoing redistribution to creditors, with 59,000 BTC already distributed and an additional 79,600 BTC to follow. Despite the large transfers, most creditors appear to be holding onto their assets, which has led to minimal impact on Bitcoin prices. The identity of the new wallet addresses remains unknown, but some are speculated to be associated with BitGo, a custodian working with the Mt. Gox Trustee. Currently, there are 80,128 BTC left in the Mt. Gox address. According to Glassnode, the distribution has been facilitated through Kraken and Bitstamp.
View original story
Similar markets
Less than $20,000 • 25%
$20,000 to $30,000 • 25%
$30,000 to $40,000 • 25%
More than $40,000 • 25%
Below $25,000 • 25%
$25,000 to $30,000 • 25%
$30,001 to $35,000 • 25%
Above $35,000 • 25%
Below $60,000 • 25%
$60,000 - $65,000 • 25%
$65,000 - $70,000 • 25%
Above $70,000 • 25%
Increase by more than 10% • 25%
Increase by up to 10% • 25%
Decrease by up to 10% • 25%
Decrease by more than 10% • 25%
Below $200 • 25%
$200 - $300 • 25%
$300 - $400 • 25%
Above $400 • 25%
Below $200 • 25%
$200 to $250 • 25%
$251 to $300 • 25%
Above $300 • 25%
Increase by more than 10% • 25%
Increase by less than 10% • 25%
Decrease by less than 10% • 25%
Decrease by more than 10% • 25%
Below $40,000 • 25%
$40,000 - $50,000 • 25%
$50,000 - $60,000 • 25%
Above $60,000 • 25%
Significant increase (above 10%) • 25%
Moderate increase (5-10%) • 25%
No significant change (within 5%) • 25%
Decrease • 25%
Less than $20,000 • 25%
$20,000 to $40,000 • 25%
$40,001 to $60,000 • 25%
More than $60,000 • 25%
$50,000 - $60,000 • 25%
$60,000 - $70,000 • 25%
Below $20,000 • 25%
Between $35,000 and $50,000 • 25%
Between $20,000 and $35,000 • 25%
$20,000 - $40,000 • 25%
$40,001 - $60,000 • 25%
Above $60,000 • 25%
$40,001 - $50,000 • 25%
Above $50,000 • 25%
Below $30,000 • 25%
$30,000 - $50,000 • 25%
$50,001 - $70,000 • 25%
$25,000 - $35,000 • 25%
$35,001 - $45,000 • 25%
Above $45,000 • 25%
$50,000 - $75,000 • 25%
$75,001 - $100,000 • 25%
Above $100,000 • 25%
$20,000 - $30,000 • 25%
$30,000 - $40,000 • 25%
Above $40,000 • 25%
Below $25,000 • 25%
$25,000 - $50,000 • 25%
$50,001 - $75,000 • 25%
Above $75,000 • 25%
Below $50,000 • 25%
$50,000 to $60,000 • 25%
$60,001 to $70,000 • 25%
Above $70,000 • 25%
Below $90,000 • 25%
$90,000 to $100,000 • 25%
$100,000 to $110,000 • 25%
Above $110,000 • 25%
Above $80,000 • 25%
$70,000 to $80,000 • 25%
$60,000 to $70,000 • 25%
Below $60,000 • 25%