Mt. Gox Moves Nearly $950M in Bitcoin as BTC Slides Below $90K
Mt. Gox, the long-defunct Bitcoin exchange, executed a significant on-chain transfer Monday, moving approximately 10,608 BTC, valued at around $950 million, to a new wallet, according to blockchain analytics firm Arkham Intelligence.
Most of the transfer—roughly 10,422 BTC—was sent to an unidentified address labeled “1ANkD…ojwyt,” while about 185.5 BTC returned to Mt. Gox’s own hot wallet. Historically, large Bitcoin movements from Mt. Gox have often signaled upcoming repayments to creditors affected by the 2014 hack.
It remains unclear whether this transfer is tied to creditor payouts, but the timing coincides with Bitcoin’s recent downtrend below $90,000, fueling market speculation that repayment-related sell-offs could follow.
Mt. Gox lost approximately 850,000 BTC in a 2014 hack, forcing the exchange into bankruptcy. Repayment efforts restarted last year, with a final claim deadline set for 2026. The company still holds around 34,689 BTC, worth nearly $3.1 billion, across multiple wallets, according to Arkham Intelligence.
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