Mt. Gox moves over $1 billion worth of bitcoin to unmarked address: Arkham
Quick Take The bankrupt crypto exchange transferred 11,834 BTC to an unmarked address on Wednesday, marking the first larger transaction since late January. Arkham Intelligence data shows that it also sent 166.5 BTC to its cold wallet around the same time today.
Bankrupt crypto exchange Mt. Gox transferred over $1 billion worth of bitcoin to an unmarked address today, according to Arkham Intelligence data.
The address "1Mo1…9gR9" received approximately 11,834 BTC, worth about $1.07 billion, from Mt. Gox's "1PuQB" wallet at around 3:17 UTC on Thursday, Arkham data shows. This is Mt. Gox's first larger transaction since late January.
Around the same time, Mt. Gox also sent 166.5 BTC, worth $15.12 million, to its cold wallet "1Jbez" just a few minutes after the $1.07 billion transaction.
Launched in 2010, the Tokyo-based platform gained popularity and became the largest bitcoin exchange by 2013, servicing 70% of all bitcoin trades worldwide. However, it stopped all withdrawals in early 2014 when the business suspended trading. The site soon went offline, and the company filed for bankruptcy protection after losing over 800,000 BTC.
Thousands of creditors have been waiting to have their bitcoin returned. In October 2024, Mt. Gox announced the repayment deadline was pushed back by 12 months to Oct. 31, 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mars Morning News | Ethereum Fusaka upgrade officially activated; ETH surpasses $3,200
The Ethereum Fusaka upgrade has been activated, enhancing L2 transaction capabilities and reducing fees; BlackRock predicts accelerated institutional adoption of cryptocurrencies; cryptocurrency ETF inflows have reached a 7-week high; Trump nominates crypto-friendly regulatory officials; Malaysia cracks down on illegal Bitcoin mining. Summary generated by Mars AI. The accuracy and completeness of this summary are still undergoing iterative updates.
Do you think stop-losses can save you? Taleb exposes the biggest misconception: all risks are packed into a single blow-up point.
Nassim Nicholas Taleb's latest paper, "Trading With a Stop," challenges traditional views on stop-loss orders, arguing that stop-losses do not reduce risk but instead compress and concentrate risk into fragile breaking points, altering market behavior patterns. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.
With capital outflows from crypto ETFs, can issuers like BlackRock still make good profits?
BlackRock's crypto ETF fee revenue has dropped by 38%, and its ETF business is struggling to escape the cyclical curse of the market.
Incubator MEETLabs today launched the large-scale 3D fishing blockchain game "DeFishing". As the first blockchain game on the GamingFi platform, it implements a dual-token P2E system with the IDOL token and the platform token GFT.
MEETLabs is an innovative lab focused on blockchain technology and the cryptocurrency sector, and also serves as the incubator for MEET48.
Trending news
MoreCrypto prices
More
