Mt. Gox moves $2 billion in Bitcoin, sparking speculation of additional repayments

Share This Post

Mt. Gox, the defunct crypto exchange, has transferred more than $2 billion worth of Bitcoin into two newly created wallets, according to data from Arkham Intelligence.

Data from the blockchain analytics platform shows that Mt. Gox executed this transaction on Nov. 4 at 23:38 UTC. Most of these funds, totaling 30,371 BTC, were directed to an unknown wallet address labeled “1FG2C.” About an hour later, around 2000 BTC was transferred to the address “15gNR.”

Despite these transfers, Mt Gox still holds about 44,378 BTC, valued at $3.04 billion as of press time, according to Arkham Intelligence.

Meanwhile, SpotOnChain, another blockchain analytics firm, highlighted that the Mt. Gox wallet has been particularly active recently. Within the past four days, it has moved 32,871 BTC, valued at approximately $2.22 billion, into various blockchain wallets.

Of this amount, a small segment—296 BTC, worth about $20.13 million—went to wallets connected to two prominent crypto exchanges, OKX and B2C2.

This substantial transfer has sparked widespread speculation about Mt. Gox’s schedule for its remaining assets and the potential impact on the crypto market.

Over recent months, Mt. Gox has continued distributing Bitcoin and Bitcoin Cash to creditors who suffered losses during the infamous 2014 hack. The hack saw the disappearance of up to 950,000 BTC, now worth over $58 billion.

These repayments are processed through several major platforms, including Kraken, Bitstamp, and BitGo. Notably, Mt. Gox recently extended its repayment deadline by a year—from Oct. 31, 2024, to Oct. 31, 2025—to ensure it can complete reimbursements for all creditors.

The post Mt. Gox moves $2 billion in Bitcoin, sparking speculation of additional repayments appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Restaked Bitcoin Protocols Skyrocket 4,459% in Just 9 Months

Since the advent of restaking bitcoin and Babylon’s leading role in the space, restaked bitcoin protocols have exploded onto the scene with phenomenal momentum Over the past nine months, these

Bitcoin Rebounds Above $85,000 Amid Weak Market Demand

Bitcoin (BTC) is experiencing a notable price recovery, reclaiming the $85,000 level after a 43% increase in the past 24 hours This rebound has sparked renewed optimism among investors, who are now

Bitcoin Panic Sellers Lost $100M – Why Smart Investors Are Betting on BTC Bull Token Instead

The crypto market is full of surprises, but one thing remains consistent: panic selling always costs new investors a fortune  In the last six weeks alone, speculators dumped their Bitcoin holdings,

Cardano (ADA) Whales Buy 130M Tokens, Bull Run Incoming?

The post Cardano (ADA) Whales Buy 130M Tokens, Bull Run Incoming appeared first on Coinpedia Fintech News As the Cardano (ADA) price continues to consolidate near a crucial support level of $065,

Crypto Expert Reveals Why XRP Will Never Flip Ethereum

A crypto expert has promptly shut down the idea that XRP will ever surpass Ethereum In his post, the analyst shared several reasons why he believes such an outcome is highly unlikely, highlighting

Bitcoin Price Watch: Struggles at $84K—Will Bulls Take Control?

Bitcoin traded at $84,222 on March 15, 2025, with a market capitalization of $167 trillion, a 24-hour global trade volume of $2599 billion, and an intraday price range between $82,705 and $85,139,