James Richardson
Defunct crypto exchange Mt. Gox transferred 10,608 BTC — worth about $956 million — late Monday night, according to data from Arkham Intelligence.
The funds were split between two addresses around 11:40 p.m. ET. Approximately 10,422 BTC went to an unidentified wallet labeled “1ANkD…ojwyt”, while another 185.5 BTC was directed to a Mt. Gox-controlled hot wallet.
These wallet shifts have historically appeared ahead of creditor repayments, but it remains uncertain whether this latest activity signals an imminent distribution.
Founded in 2010, the Japan-based exchange became the world’s largest Bitcoin trading platform, handling over 70% of all BTC transactions at its peak in 2013.
That dominance ended in early 2014 when a massive hack drained around 850,000 BTC, forcing the company into bankruptcy and triggering one of the crypto industry’s most infamous collapses.
Creditor Repayments and Ongoing Delays
Repayments finally began in July 2024, drawing from Mt. Gox’s remaining holdings:
-
142,000 BTC (≈ $11B)
-
143,000 BCH (≈ $47M)
-
69 billion Japanese yen (≈ $469M)
However, on Oct. 27, the court-appointed rehabilitation trustee announced the repayment deadline would be postponed to October 2026 — the third extension since the original date of Oct. 31, 2023. Some creditors have already received partial repayments through exchanges such as Kraken and Bitstamp.
Billions in Bitcoin Still Under Trustee Control
Despite recent transfers, Mt. Gox still retains 34,689 BTC, valued at roughly $3.1 billion, spread across its remaining wallets, Arkham data shows.
