The bankrupt crypto exchange Mt. Gox has conducted a significant transaction, sending 11,834 bitcoins to an unmarked address for the first time since January.
Transaction Details
Data from Arkham Intelligence indicates that Mt. Gox transferred 11,834 BTC, approximately $1.07 billion, to an unmarked address '1Mo1…9gR9'. The transaction was executed at around 3:17 UTC on Thursday from the '1PuQB' wallet. This is Mt. Gox's first major transfer since late January. Around the same time, a transaction of 166.5 BTC was made to the cold wallet '1Jbez'.
History of Mt. Gox
Launched in 2010 in Tokyo, Mt. Gox quickly grew popular, becoming the largest cryptocurrency exchange by 2013, handling 70% of all bitcoin transactions globally. However, in early 2014, the exchange ceased all withdrawals and suspended trading. The site soon went offline, and the company filed for bankruptcy due to losing over 800,000 BTC.
Creditors' Status
Thousands of creditors are still awaiting the return of their bitcoins. In October 2024, Mt. Gox announced that the repayment deadline was extended by 12 months to October 31, 2025.
The recent movement of bitcoin by Mt. Gox draws renewed attention from the crypto community, especially amidst creditors still waiting for asset recovery.
