Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears
Arkham Intelligence said the exchange moved 10,422.65 Bitcoin, its largest on-chain transfer in months, as repayments to about 19,500 creditors continue.
- On Tuesday, the defunct Japanese crypto exchange Mt. Gox transferred 10,306 Bitcoin, worth approximately $730.8 million, to an unmarked address in its largest on-chain movement in months.
- The Tokyo-based platform faces an October 31, 2026, creditor repayment deadline, which trustee Nobuaki Kobayashi has extended twice due to incomplete procedures and pending processing issues.
- Arkham Intelligence data shows the exchange routed 116.3 BTC worth around $8.25 million to its hot wallet, while the larger portion remains marked as "unspent" by Arkham.
- Bitcoin slipped below $71,000 during a sharp market slide, as Nasdaq-listed ProCap Financial also disclosed selling roughly 52 BTC to fund a share buyback on Monday.
- Mt. Gox still holds roughly 34,504 BTC valued at $2.43 billion, representing the largest unresolved asset pool tied to any failed crypto exchange since the 2014 collapse.
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Mt. Gox Moves $739M in Bitcoin for First Time in Two Months
Mt. Gox’s first onchain movement in over two months raises fresh questions about creditor distributions that could add selling pressure to a market already shaken by Strategy's first Bitcoin sale since 2022.
Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears
The 04:47 UTC Bitcoin block 952,072 transaction moved coins from Mt. Gox cold storage into a freshly generated address, with a smaller 116-bitcoin slice routed to the defunct exchange's hot wallet.
The extinct exchange of cryptocurrencies Mt. Gox again caught the attention of the market after moving approximately 10,422 BTC, valued at about 739 million dollars, towards several directions during the early morning of Tuesday, according to data from the firm of blockchain analysis Arkham Intelligence. The operation marks the first relevant movement of funds carried out by the entity since the end of March and has generated new speculations ab…
Again, large bitcoin stocks were transferred by Mt. Gox. It remains open whether the movement is related to further repayments. Source: BTC-ECHO BTC-ECHO
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