Mt. Gox Transfers 10,608 Bitcoin to New Wallet

The defunct Japanese cryptocurrency exchange Mt. Gox transferred 10,608 Bitcoin, valued at approximately 950 million, to a new wallet address late Monday night, according to blockchain analytics firm Arkham Intelligence. The movement, which occurred around 11:40 p.m. ET, marked the exchange's largest such transaction in eight months and coincided with a downturn in the cryptocurrency market, where Bitcoin prices fell below 90,000.

Of the total, about 10,422 Bitcoin went to an unidentified address labeled 1ANkDojwyt, which had no prior transaction history. An additional 185.5 Bitcoin was sent back to one of Mt. Gox's own hot wallets. Arkham data indicates that the funds have remained in the new address without further movement, including no transfers to known exchange wallets that could signal an impending sale.

Mt. Gox still holds roughly 34,689 Bitcoin across multiple wallets, worth nearly 3.1 billion at current prices. The exchange has been gradually shifting portions of its holdings as part of preparations for creditor repayments, a process that began in mid-2024 after years of legal delays. Such internal wallet adjustments have historically preceded distributions but do not...