Mt. Gox moves over $1 billion worth of bitcoin to unmarked address: Arkham
Quick Take
- The bankrupt crypto exchange transferred 11,834 BTC to an unmarked address on Wednesday, marking the first larger transaction since late January.
- Arkham Intelligence data shows that it also sent 166.5 BTC to its cold wallet around the same time today.
Bankrupt crypto exchange Mt. Gox transferred over $1 billion worth of bitcoin to an unmarked address today, according to Arkham Intelligence data.
The address "1Mo1…9gR9" received approximately 11,834 BTC, worth about $1.07 billion, from Mt. Gox's "1PuQB" wallet at around 3:17 UTC on Thursday, Arkham data shows. This is Mt. Gox's first larger transaction since late January.
Around the same time, Mt. Gox also sent 166.5 BTC, worth $15.12 million, to its cold wallet "1Jbez" just a few minutes after the $1.07 billion transaction.
Launched in 2010, the Tokyo-based platform gained popularity and became the largest bitcoin exchange by 2013, servicing 70% of all bitcoin trades worldwide. However, it stopped all withdrawals in early 2014 when the business suspended trading. The site soon went offline, and the company filed for bankruptcy protection after losing over 800,000 BTC.
Thousands of creditors have been waiting to have their bitcoin returned. In October 2024, Mt. Gox announced the repayment deadline was pushed back by 12 months to Oct. 31, 2025.
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