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- Mt. Gox moved 10,608 BTC worth $956M in a late-night transaction.
- Creditors still face repayment delays pushed to October 2026.
- The exchange retains 34,689 BTC, keeping market speculation high.
Defunct crypto exchange Mt. Gox quietly moved 10,608 BTC worth roughly $956 million late Monday night, according to new data from Arkham Intelligence. The transfer occurred at around 11:40 p.m. ET, sending 10,422 BTC to an unmarked wallet and the remaining 185.5 BTC to a Mt. Gox-controlled hot wallet.
The move immediately stirred speculation across the crypto market, where large Mt. Gox transactions have historically preceded creditor repayments.
Does the Transfer Signal Another Payout Round?
Mt. Gox has been repaying creditors in batches since July 2024. Those distributions draw from its sizable holdings of 142,000 BTC, 143,000 BCH, and 69 billion yen.
However, it’s unclear whether Monday’s activity signals a new repayment wave or routine internal management. The rehabilitation trustee has already extended the repayment deadline three times, most recently pushing it to October 2026. While some creditors have seen repayments through Kraken and Bitstamp, many remain in limbo.
A Long Road From the 2014 Collapse
Once the largest bitcoin exchange, Mt. Gox handled more than 70% of global BTC trades at its peak in 2013. That dominance ended in early 2014 when a massive hack drained roughly 850,000 BTC and forced the Tokyo-based platform into bankruptcy.
Also Read: Mt. Gox Delays $4B Bitcoin Repayment to 2026 as Creditors Face Another Year of Waiting
More than a decade later, the exchange still controls 34,689 BTC—valued at about $3.1 billion—raising ongoing questions about how and when the remaining creditors will be compensated.
Market Watching Closely as Uncertainty Builds
For now, the latest transfer offers no clear signal. It does, however, reinforce a familiar pattern: every Mt. Gox wallet movement triggers market-wide caution. Until there is official guidance, both creditors and traders remain on alert for what comes next.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
