Mt. Gox sending Bitcoin to repay creditors, more expected soon

From Investing.com

September 25, 2024
3:00:20 PM:

Arkham Intelligence reports $370,000 Bitcoin sent from Kraken to Mt. Gox. 4 wallets emptied. More repayments expected for creditors of the defunct exchange. Mt. Gox planned to repay 142,000 Bitcoin and 143,000 . In July, 140,000 Bitcoin worth $9 billion transferred to exchanges for payouts. Mt. Gox recently sent $709 million Bitcoin to Bitstamp.

Anthony Pompliano discusses Bitcoin’s performance on CNBC Squawk Box. Believes Bitcoin is best performing asset this year, followed by gold and oil futures. Sold all for last year, believes in Solana’s technology. Expects Bitcoin to benefit from Fed and PBOC rate cuts attracting cheap capital to the market.

Read more at Investing.com: Mt. Gox Likely to Move More BTC Soon: Report By U.Today