- After Kraken distributed Mt. Gox, Bitstamp declared that it was prepared to pay back creditors of the now-defunct Bitcoin exchange.
cryptocurrency trading Bitstamp verified that it has received Bitcoin, Bitcoin Cash, and Bitcoin BTC-3.08%. The goal of the Mt. Gox Truste’s Bitcoin Cash BCH -5.37% and Ethereum ETH -7.98% was to restore the victims of the hack to full health. Users were apparently notified by Bitstamp that payments would begin on Thursday, July 25. The amount that Mt. Gox sent was not disclosed, but the site stated that a different distribution method is in place for residents of the United Kingdom.
Four Bitcoin transactions from the now-defunct cryptocurrency exchange were highlighted by Arkham on July 23. Bitstamp wallets received at least two of the transfers. Information revealed that 2,237 BTC worth $147 million and 382 BTC worth $25 million had been transferred to the cryptocurrency exchange.
At about the same time as Bitstamp transactions, 32,371 Bitcoin, or $2.13 billion, were sent by Mt. Gox’s Trustee to an unidentified wallet. Customer reimbursements from the bankrupt platform have already been settled by Kraken.
The announcement from Bitstamp reminded onlookers of the extent of Mt. Gox payouts. Nine billion dollars in Bitcoin and other cryptocurrencies are owed to almost 20,000 people as a result of six thefts that occurred between 2011 and 2014. Even though the hackers were never found, this event nonetheless marks a turning point in the development of Bitcoin.
Following the Bistamp news, the price of bitcoin fell 1%.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
