Key Takeaways
- Mt. Gox transferred 11,834 BTC worth $1.07 billion to an unmarked address.
- The exchange also moved 166.5 BTC, worth $15.12 million, to its cold wallet.
- Mt. Gox's creditor repayments have been delayed until October 2025.
Mt. Gox, the collapsed Bitcoin exchange, transferred over $1 billion worth of Bitcoin to an unmarked address on March 5, according to Arkham Intelligence.
Details of the transfer
At approximately 3:17 UTC, the address “1Mo1…9gR9” received 11,834 BTC—worth around $1.07 billion—from Mt. Gox’s “1PuQB” wallet.
This marks the exchange’s largest Bitcoin movement since late January.
Shortly after, Mt. Gox also moved 166.5 BTC, valued at approximately $15.12 million, to its cold wallet, “1Jbez.”
Background on Mt. Gox
Once the world’s largest Bitcoin exchange, Mt. Gox handled 70% of all Bitcoin trades at its peak in 2013.
However, in early 2014, it halted withdrawals, suspended trading, and later filed for bankruptcy after losing over 800,000 BTC.
Creditor repayments
Thousands of creditors have been waiting for their funds to be returned.
While repayments were initially expected in 2024, Mt. Gox extended the deadline by a year, now set for October 31, 2025.
