Arkham data: Mt Changes in Gox related wallets or testing transactions before repayment for BitGo

Arkham, an on chain intelligence company, announced on Tuesday (13th) that a wallet that had previously received $2.19 billion worth of Bitcoin (BTC) from the Mt. Gox exchange had just undergone an anomaly, with a suspected test transaction before the Mt. Gox repayment operation by the cryptocurrency custodian BitGo.

The data shows that the wallet with the address starting with "bc1q26" initiated a small transaction worth $5 two hours ago, and Arkham speculates that the wallet may be held by BitGo. BitGo is the fifth and final trading platform to collaborate with the restructuring trustee of Mt. Gox, assisting in the repayment of funds to Mt. Gox creditors.

Mt. Gox is a Japanese exchange that operated from 2010 to 2014. In February 2014, Mt. Gox suspended withdrawals after claiming to have discovered suspicious activity in its digital wallet. Shortly thereafter, the exchange declared bankruptcy, and its repayment process began gradually at the end of 2023. In addition to BitGo, other exchanges participating in the Mt. Gox restructuring plan include Kraken, Bitstamp, SBI VC Trade, and Bitbank.

Related report: "Mt. Gox Bitcoin Repays 41%! Creditors Firmly Hold or Sell Immediately