Mt. Gox, the collapsed crypto exchange, moved 10,608 BTC worth about $956 million late Monday night, according to data from Arkham Intelligence. The transfer took place around 11:40 p.m. ET and was split between two destinations. Roughly 10,422 BTC went to an unmarked wallet labeled “1ANkD…ojwyt,” while another 185.5 BTC was sent to one of the exchange’s own hot wallets.
Large Bitcoin movements from Mt. Gox have often signaled upcoming repayments to creditors, though it’s still unclear if this latest transfer is tied to any upcoming distribution. The exchange has been working through a long rehabilitation process to compensate users who lost funds when the platform collapsed.
Mt. Gox, based in Tokyo and launched in 2010, once dominated the market and handled about 70% of global Bitcoin trading at its peak. A massive hack in early 2014 resulted in the loss of around 850,000 BTC and triggered its bankruptcy.
Repayments began in July 2024 using assets that included 142,000 BTC, 143,000 Bitcoin Cash and 69 billion yen. However, the repayment deadline has been delayed three times, with the latest extension pushing it to October 2026.
Some creditors have already received partial repayment through Kraken and Bitstamp. Mt. Gox still holds about 34,689 BTC valued at roughly $3.1 billion.
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