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

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,

Major leadership shift at HK Asia Holdings as Bitcoin Magazine takes the helm

In a significant move that solidifies Bitcoin Magazine’s presence in Asia, HK Asia Holdings (01723HK) has announced key leadership changes effective March 14, 2025 This development marks a

Top Altcoins to Invest in as Pump.fun Mania Fizzles Out

The meme coin frenzy that took the crypto world by storm is now showing signs of exhaustion  Platforms like Pumpfun, which allowed anyone to launch altcoins in minutes, are experiencing a sharp

Bitcoin Breaches 12-Year Support Line Against Gold – Is The Bull Run Over?

As Bitcoin (BTC) struggles amid the latest crypto market pullback – failing to decisively break past the $84,000 resistance – gold (XAU) continues its impressive rally, soaring to a

Pakistan forms new ‘Crypto Council’ to regulate blockchain and digital assets

The government of Pakistan has established the Pakistan Crypto Council (PCC) to oversee the integration and use of blockchain technology and digital assets into the nation’s financial landscape

Stablecoins Thrive as Crypto Stumbles: A $4.23B Growth Spree in 2 Weeks

While the crypto market contracted over the past two weeks, the stablecoin sector has ballooned by $423 billion since March 1, defying the broader trend Digital Dollars Dominate With Over 8% of