 
 
Bitcoin (BTC) held by Mt. Gox, the long-defunct Japanese crypto exchange that imploded in 2014, was on the move on Monday. Mt. Gox shifted roughly 10,608 BTC, according to data from blockchain analytics firm Arkham Intelligence.
Mt. Gox Moves $956 Million Worth Of BTC
The transfer happened at around 11:40 p.m. ET, with the exchange moving 10,422 BTC, worth roughly $956 million, to an unmarked address “1ANkD…ojwyt,” while roughly 185.5 BTC went back to Mt. Gox’s hot wallet, on-chain data shows.
Historically, such significant BTC transfers by Mt. Gox have typically signaled an imminent repayment of creditors that lost money when the bankrupt exchange collapsed.
While it remains unclear whether Monday’s transfers were part of preparation for any future distribution to creditors, the timing is rather unfavorable given the ongoing market downturn. The price of Bitcoin crashed below the $90,000 mark early Tuesday, erasing the entirety of its 2025 gains and marking a notable reversal from its recent peak.
The BTC latest movement may have stirred market speculation about imminent creditor repayments, reigniting fears of selling pressure when crypto markets are already in the middle of a correction.
 
Mt. Gox Repayments Still Stuck Until 2026
Mt. Gox fell into bankruptcy in early 2014 after falling victim to an 850,000 Bitcoin hack in one of the largest crypto exploits ever recorded. Before the security breach, it was the largest Bitcoin exchange, servicing 70% of all Bitcoin trades worldwide.
After filing for bankruptcy protection in February 2014, a Tokyo court appointed a trustee to handle the bankruptcy proceedings and repay creditors with the exchange’s assets.
Mt. Gox started repaying its creditors in July 2024 from its holdings of 142,000 BTC ($11 billion), 143,000 Bitcoin Cash ($47 million), and 69 billion Japanese yen ($469 million).
However, last October, the trustee managing the exchange’s Bitcoin stash postponed the creditor repayment deadline, extending it by a whole year to Oct. 31, 2025, claiming many creditors “still have not received their repayments because they have not completed the necessary procedures for receiving repayments.” The rehabilitation trustee then pushed the deadline by another year to October 2026, marking a third delay from its original Oct. 31, 2023 deadline.
Mt. Gox currently holds around 34,689 BTC, worth approximately $3.1 billion across various wallets, according to Arkham.
At the time of writing, the Bitcoin price hovered around $91,268, still down 4.8% over the past 24 hours, per CoinGecko data.
Source: https://zycrypto.com/mt-gox-transfers-956-million-in-bitcoin-as-btc-briefly-sinks-under-90000/