A Mt Gox-labeled wallet address sent about 42587.49 
BTC -1.39% ($2.82 billion) to a new address at around 5 a.m. UTC on Tuesday, according to data from Arkham Intelligence. The movement appears to be part of Mt Gox’s ongoing repayment of $9 billion worth of bitcoin to creditors.
At the same time, the Mt Gox wallet moved 5,110.16 BTC to its cold storage address ending with “1Jbez.”
On Monday, the defunct cryptocurrency exchange moved a small amount of bitcoin worth about $1,400. One of the recipients was an address that belongs to Bitstamp crypto exchange, according to Arkham.
Bitstamp, one of the exchanges selected by the Mt Gox trustee to deliver the bitcoin payout, said earlier this month that it plans to distribute the tokens to creditors as soon as it arrives. Kraken, another exchange selected by the trustee, received its share of tokens a week ago.
Two Japanese exchanges, Bitbank and SBI VC Trade, have already received and seemingly distributed the allocated funds within hours of receiving the bitcoins.
Mt Gox, once one of the world's largest cryptocurrency exchanges, filed for bankruptcy in 2014 after it suffered multiple hacks that stole around 850,000 BTC.
Meanwhile, the price of bitcoin fell 1.82% in the past 24 hours to trade at $66,491, according to The Block’s bitcoin price page.
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