Mt. Gox moves $956 million worth of bitcoin to unmarked wallet address: Arkham
The Block
Defunct exchange Mt. Gox moved approximately $956 million in Bitcoin to an unmarked wallet address.Summary
The defunct cryptocurrency exchange Mt. Gox recently transferred 10,608 BTC, valued at about $956 million, to an unmarked wallet address late Monday, according to data from Arkham Intelligence. The transfer involved sending roughly 10,422 BTC to one address and about 185.5 BTC to its own hot wallet. Such movements often precede repayments to creditors who lost funds in the 2014 hack that bankrupted the Tokyo-based exchange, though it remains unclear if this specific move is related to a future distribution. Mt. Gox, which once handled 70% of global bitcoin trades, began repaying creditors in July 2024 from its holdings, but the repayment deadline has since been postponed until October 2026.
(Source：The Block)