The Mt. Gox Trustee transferred $2.25 billion in Bitcoin to two BitGo addresses as part of a $9 billion creditor repayment plan.
After previously sending $3 billion in Bitcoin (BTC) to Kraken and at least $335.8 million to Bitstamp, the defunct crypto exchange Mt. Gox settled the transfers to BitGo on July 31.
Users reported that BitGo balances had not reflected the payments at the time of reporting. Initially, BTC prices fell below $66,000 after news of the BitGo transfers but quickly recovered, trading back above $66,500.
BitGo was the fifth and final custodian assigned to handle creditor repayments after a 10-year waiting period. More than 20,000 users have been waiting over a decade for reimbursement following a series of hacks between 2011 and 2014.
Mt. Gox held approximately 46,160 BTC worth over $3 billion after the Trustee transferred Bitcoin and other cryptocurrencies like Bitcoin Cash (BCH) to Kraken, Bitstamp, BitGo, and two other crypto exchanges.
