Learn more

A crypto wallet that recently received $2 billion in Bitcoin (CRYPTO: BTC) from the trustee of the now-defunct Mt. Gox exchange conducted a test transaction on Tuesday, potentially signaling the start of fund distributions to creditors. What Happened: Analysts at blockchain analytics firm Arkham Intelligence believe the wallet in question is likely managed by BitGo, a crypto custody platform and one of the five exchanges tasked with distributing tokens to Mt. Gox creditors. BitGo is reportedly the last remaining distribution partner, according to Arkham. This may have contributed to Bitcoin sp…

cuu