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Mt. Gox moved a large batch of Bitcoin for the first time in eight months, renewing attention on the long-running bankruptcy process tied to one of the most infamous exchanges in crypto history. On-chain trackers picked up the major transfer as the firm continues working through creditor repayments.
Good to Know
Lookonchain reported that Mt. Gox moved 10,423 BTC to a new wallet, its biggest transaction since shifting more than $2 billion worth of Bitcoin eight months ago. The platform noted:
“After 8 months of inactivity, Mt. Gox just transferred 10,423 $BTC ($936M) to a new wallet.”
Arkham Intel identified additional transfers totaling more than $16.8 million shortly after the main transaction. Mt. Gox now controls 34,689 BTC valued at roughly $3.2 billion.
Mt. Gox once processed more than 70 percent of all Bitcoin trades before collapsing after a massive hack. The exchange filed for bankruptcy protection in 2014, setting off a complex and years-long rehabilitation process that still continues today.
Repayments began in July 2024, marking a major shift for thousands of creditors who had been waiting more than a decade for reimbursement. By October 2024, the exchange said it had “largely completed the Base Repayment, Early Lump-Sum Repayment, and Intermediate Repayment” for eligible creditors who finished the required steps.
In a statement posted last month, Mt. Gox updated its timeline again and extended the repayment deadline to October 31, 2026. The extension aims to give remaining rehabilitation creditors additional time to complete documentation and resolve any outstanding issues.
The exchange transferred 10,423 BTC, worth about $936 million at the time of the move.
Yes. Its wallet contains more than 34,000 BTC valued at over $3 billion.
The bankruptcy case is complex, and thousands of creditors are still completing required procedures to receive their funds.
The exchange extended the deadline to October 31, 2026.