Defunct Exchange Mt. Gox Moves Over 11k Bitcoins to Unmarked Address

TL;DR

• The defunct cryptocurrency exchange moved 11,834 BTC to an unmarked address on Wednesday.

• Data provided by Arkham Intelligence showed that Mt.Gox also sent 166.5 BTC to its cold wallet on the same day.

Mt. Gox Moves Over 11k Bitcoins to an Unmarked Address

Data obtained from Arkham Intelligence revealed that bankrupt cryptocurrency exchange Mt. Gox transferred over $1 billion worth of bitcoin to an unmarked address on Wednesday.

The address revealed approximately 11,834 bitcoins, worth over $1 billion. This is the exchange’s first larger transaction since late January.

In addition, Mt. Gox also sent 166.5 BTC, worth $15.12 million, to its cold wallet just a few minutes after the $1.07 billion transaction.

Mt. Gox was launched in 2010 and was the largest cryptocurrency exchange by 2013 prior to its collapse. At the time, the Tokyo-based platform serviced 70% of all bitcoin trades globally but halted all withdrawals in early 2014 after it suspended trading. The Mt. Gox website went offline, with the company filing for bankruptcy protection after losing over 800,000 BTC.

Over the past few months, Mt. Gox has intensified efforts to return bitcoins to thousands of creditors. However, in October last year, the company announced the repayment deadline was pushed back by 12 months to Oct. 31, 2025.