According to recent onchain fund movements, Mt. Gox is making preparations to reimburse creditors through the Bitstamp cryptocurrency exchange.
The Mt. Gox address has initiated trial transactions to the Bitstamp cold wallets, as reported by the blockchain intelligence firm Arkham Intelligence in a July 22 X post.
It was revealed that small amounts, ranging from $1 to $4, were deposited to four separate Bitstamp deposit addresses.
Notably, Bitstamp is one of five exchanges collaborating with the Mt. Gox Trustee to facilitate repayments to creditors.
These transfers are likely the first test transactions in this process. The creditors of Mt. Gox, who have been awaiting their funds for over a decade, are owed a total of $9.4 billion worth of Bitcoin.
