Key Takeaways
- Mt. Gox transferred 32,371 BTC to unidentified wallets.
- The transfer includes two wallet addresses and follows a smaller transfer last week.
- Repayment deadline for Mt. Gox creditors has been extended to 2025.
On Monday, the defunct Mt. Gox exchange moved 32,371 BTC (worth approximately $2.19 billion) to two unmarked wallet addresses, according to data from blockchain analytics firm Arkham.
Of this amount, 30,371 BTC was sent to the address “1FG2C…Rveoy,” while another 2,000 BTC initially went to a Mt. Gox cold wallet, later transferring to a separate unmarked address, “15gNR…a8Aok.”
This marks the largest transfer from Mt. Gox in recent months and follows a previous movement of 500 BTC just last week. Monday’s transfer is the first of this scale since the end of September.
Unclear connection
While there is no confirmation that these movements are directly related to Mt. Gox’s creditor repayment plan, similar transfers in the past have led to distribution via centralized exchanges like Kraken and Bitstamp.
Extended repayment deadline
Last month, Mt. Gox delayed its repayment deadline by a full year, now set for October 31, 2025.
The Tokyo-based exchange, once the largest in the world, collapsed in 2014 following a significant security breach, resulting in the loss of over 850,000 BTC. Thousands of creditors have since been awaiting compensation.
