The bankrupt crypto exchange Mt. Gox continues to make large bitcoin transfers as part of its debt repayment efforts to creditors.
BTC Moves to Unknown Addresses
The crypto exchange Mt. Gox has once again moved a significant amount of bitcoins. According to data from the Arkham platform, the Mt. Gox wallet labeled 1PuQB transferred 11,834 BTC worth approximately $1.07 billion to an unknown address tagged 1Mo1nW.
Creditor Fund Recovery
These transfers are evidently part of the creditor repayment program. After losing about 950,000 BTC more than a decade ago, Mt. Gox began creditor repayments in July 2024. Some creditors have already received their funds, and the process is ongoing. The deadline was extended to October 2025 due to incomplete procedures and system errors.
Market Reaction
Previously, large transfers from Mt. Gox wallets caused concern among market participants, but this time, bitcoin showed minimal reaction, remaining above $91,000.
The crypto exchange Mt. Gox continues to make significant transfers as part of its initial debt recovery efforts to creditors, with the market remaining stable so far.
