Mt. Gox Moves $956M Worth of BTC As Prices Tank
Mt. Gox, the infamous defunct cryptocurrency exchange, transferred around 10,608 BTC, valued at approximately $950 million, to a new wallet on November 18, 2025. Data from blockchain analytics firm Arkham Intelligence indicates that this transaction occurred late Monday evening, with a significant portion sent to an unknown address and a smaller amount returned to Mt. Gox's own hot wallet. This transfer comes during a downturn in Bitcoin's market price, which has recently dropped to seven-month lows near $90,000. Historically, large movements of Bitcoin from Mt. Gox have hinted at potential repayments to creditors impacted by the exchange's 2014 collapse, although it remains unclear if this recent transaction is directly related to such reimbursements. As of now, Mt. Gox retains about 34,689 BTC, valued at nearly $3.1 billion across various wallets, further suggesting ongoing issues surrounding the exchange's bankruptcy and repayment plans.
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