Mt. Gox Moves 12,000 BTC Amid Ongoing Repayment Uncertainty

Mt. Gox, the long-defunct crypto exchange, has once again moved a significant amount of Bitcoin, transferring 12,000 BTC amid a period of heightened market uncertainty.

On March 6, blockchain analytics firm Arkham Intelligence flagged the transaction, noting that a Mt. Gox-linked wallet moved Bitcoin worth over $1 billion, incurring a minimal fee of just $1.64. While 166.5 BTC, valued at approximately $15 million, was directed to the exchange’s cold storage wallet, the majority—11,834 BTC—ended up in an unidentified address (1Mo1n).

Arkham data indicates that wallets tied to the exchange still control around 36,080 BTC, currently valued at roughly $3.26 billion. This marks the first movement of Mt. Gox funds in a month, following a minor 4 BTC transfer between cold wallets. The purpose of this latest transaction remains unclear.

Back in December, the exchange moved 1,620 BTC through unknown wallets, just weeks after shifting over 24,000 BTC in a similar manner.

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Mt. Gox, which collapsed into bankruptcy in 2014, has periodically moved Bitcoin over the years, often sparking speculation about creditor repayments. Payouts to former users began in 2024, but the trustee overseeing the exchange’s assets has delayed the full repayment deadline to October 31, 2025.

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Alexander Stefanov