Mt. Gox moves Bitcoin after months of inactivity ahead of repayment deadline
Defunct exchange Mt. Gox moved $500 in Bitcoin, its first transfer in four months, amid creditor repayment deadlines.Summary
Mt. Gox, the cryptocurrency exchange that collapsed in 2014, recently executed its first Bitcoin transfer in four months, moving approximately $500 worth of BTC, according to Arkham Intelligence data. This movement has reignited speculation regarding the timeline for creditor repayments, which are due before a court-imposed deadline of October 31, 2026. Mt. Gox still controls a substantial amount of cryptocurrency, holding 34,503 Bitcoin valued at roughly $2.4 billion at current market rates, resulting in unrealized gains exceeding $10 billion since the exchange's closure. The Rehabilitation Trustee has indicated that most main repayments have already been distributed to creditors who completed the required steps, and they intend to finalize the remaining payouts as soon as practicable with court approval.
(Source：Crypto Briefing)