Mt. Gox Moves $950M in Bitcoin Amid Market Weakness
Mt. Gox, the long-defunct cryptocurrency exchange, transferred roughly 10,608 BTC—worth about $950 million—to a new wallet Monday, according to blockchain analytics firm Arkham Intelligence.
The majority of the transfer, around 10,422 BTC, went to an unidentified address labeled “1ANkD…ojwyt,” while about 185.5 BTC was returned to Mt. Gox’s own hot wallet. Historically, such large movements from Mt. Gox have often preceded creditor repayments linked to the exchange’s 2014 collapse.
Although it’s not yet confirmed whether this transfer is tied to payouts, the timing coincides with Bitcoin’s drop below $90,000, prompting market speculation that the move could influence potential sell-offs if funds are disbursed.
Mt. Gox lost roughly 850,000 BTC in a 2014 hack, forcing it into bankruptcy. Repayment efforts resumed last year, with a 2026 claim deadline for creditors. The exchange still holds around 34,689 BTC, valued at nearly $3.1 billion, across multiple wallets, according to Arkham Intelligence.
