Bankrupt crypto exchange Mt. Gox has transferred roughly $172.5 million worth of Bitcoin to an unknown wallet around 24 hours after the cryptocurrency’s value reached a record high of nearly $108,000. According to data from Arkham Intelligence, on Dec. 17, Mt. Gox moved a total of approximately 1,619.6 Bitcoin (BTC) to two untagged wallets, with one amounting to 1427.9 BTC and the other 191.7 BTC.
The latter amount ended up in a wallet starting with “1DeY” after transiting through another wallet that held around 108 BTC. Next, the 108 BTC and 191.7 BTC were cycled through several wallets until they reached a wallet with a starting address of “1KLr” which currently holds 300 BTC. It is unclear as to why Mt.
Gox moved the funds. The exchange filed for bankruptcy in early 2014. Past movements of its BTC holdings have subsequently been followed by creditor payouts. On Dec. 5, Mt. Gox shuffled 24,000 BTC worth roughly $2.5 billion at the time to an unknown address just 12 minutes after BTC crossed $100,000 for the first time.
Presently, Mt. Gox holds approximately 36,085 BTC worth nearly $3.86 billion across its controlled wallets. Creditors can receive their payouts in BTC if desired. BTC has continued to trade above $100,000 since Dec. 13 and has fluctuated around $106,500. In October, the trustee in charge of Mt. Gox’s BTC reserve extended the deadline for creditor repayments until Oct.
31, 2025. The trustee noted that many creditors hadn’t received their due payouts as they failed to complete the necessary repayment procedures. Mt. Gox, a long-bankrupt crypto exchange, has transferred around $172.5 million worth of Bitcoin to an unknown wallet less than 24 hours after the cryptocurrency hit a new high of nearly $108,000.
Arkham Intelligence shows the exchange moved a total of roughly 1,619.6 Bitcoin (BTC) to two untagged addresses on Dec. 17, with one amounting to 1427.9 BTC and the other 191.7 BTC. A portion of the 1427.9 BTC transfer eventually ended up in a wallet starting with “1DeY” after moving through another wallet that held around 108 BTC.
The 108 BTC and 191.7 BTC were then cycled through several wallets before ending up at a wallet starting with “1KLr,” currently holding 300 BTC. It’s unclear why Mt. Gox moved the funds. The exchange fell into bankruptcy in early 2014, and past movements of its Bitcoin holdings have soon been followed by creditor payouts.
The latest moves come under two weeks after Mt. Gox on Dec. 5 shuffled over 24,000 Bitcoinworth nearly $2.5 billion at the time, to an unknown address just 12 minutes after the cryptocurrency crossed $100,000 for the first time. Arkham data shows the historic exchange still holds about 36,085 BTC worth $3.86 billion across wallets it controls, as Mt.
Gox creditors can receive their payouts in Bitcoin if preferred. Bitcoin has traded above $100,000 since Dec. 13 and has fluctuated around $106,500, with a high of $107,857 recorded on Dec. 16 per TradingView. In October, the trustee in charge of the bankrupt exchange’s Bitcoin stack pushed the deadline for creditor repayments by a full year to Oct.
31, 2025. It said many of those it owed “still have not received their repayments because they have not completed the necessary procedures for receiving repayments.”
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