Mt. Gox Moves $956M Worth of BTC As Prices Tank

On November 18, 2025, Mt. Gox executed a significant transfer of approximately 10,608 BTC, valued at around $950 million, to new wallet addresses amidst a downturn in Bitcoin prices. The move occurred around 11:40 p.m. ET, with a majority of the BTC sent to an unidentified address while a smaller portion was returned to Mt. Gox's own hot wallet. Although it is unclear if this transfer is linked to repayments for creditors from the exchange's 2014 bankruptcy, the timing raises speculation about imminent reimbursements, particularly as Bitcoin's price struggles near seven-month lows close to $90,000. Mt. Gox's bankruptcy stemmed from a hack that resulted in the loss of approximately 850,000 BTC. The exchange still possesses around 34,689 BTC, worth nearly $3.1 billion across various wallets. This recent activity has drawn market attention, suggesting a potential sell-off could follow if repayments are indeed on the horizon.

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