Several wallets linked to Mt.Gox moved small amounts of Bitcoin earlier today, according to data from Arkham Intelligence. Some of the Bitcoin was sent to a wallet labeled by Arkham as belonging to Bitbank, one of the exchanges chosen to handle the repayments to Mt. Gox creditors.
Mt. Gox wallet handles small Bitcoin transactions. Source: Arkham Intelligence
Arkham Intelligence reports that the transactions included three wallets associated with the now-defunct exchange, with the largest transaction being around $24. The transfer is believed to be a test transaction ahead of a planned large refund to customers later this month.
In addition to Bitbank, Mt.Gox is believed to have sent some of its Bitcoins to an unknown wallet. The purpose of this transfer remains unclear.
The latest moves come as the Mt. Gox trustee prepares to begin repaying in July, distributing funds to exchanges such as Kraken, Bitstamp and Bitbank.
These exchanges are expected to release funds to customers within a period of up to 90 days after receiving the tokens. A specific schedule for these disbursements has not yet been announced.
Itadori
Bitcoin Magazine
