Mt. Gox Transfers Over $1 Billion in Bitcoin in Latest On-Chain Move
Defunct Japanese crypto exchange Mt. Gox has conducted another major transfer of bitcoin (BTC), marking its third significant on-chain movement in the past four weeks.
According to blockchain tracking platform Arkham Intelligence, the exchange moved a total of 11,501 BTC early Tuesday. Specifically, 893 BTC (worth approximately $78.11 million) was sent to a hot wallet labeled 1Jbez, while 10,608 BTC (valued at $927.48 million) was transferred to a change wallet identified as 1DcoA. The transfers occurred during early Asian trading hours, when Bitcoin’s spot price was above $87,000.
Mt. Gox previously moved more than $900 million in BTC on March 11 and over $1 billion on March 6. Despite the large-scale transactions, the latest movement has not had an impact on Bitcoin’s spot price—similar to previous transfers earlier this month.
This contrasts with mid-2024, when Mt. Gox’s transfers triggered concerns about potential creditor sell-offs, leading to market volatility.
The exchange had initially planned to complete creditor repayments last year but announced in October that the final payout deadline had been pushed to October 31, 2025, due to ongoing verification and processing requirements.
