Collapsed Exchange Mt. Gox Moves $1 Billion in Bitcoin Across Two Wallets.

Mt. Gox Moves Over $1 Billion in Bitcoin in Third Major Transfer This Month

Defunct Japanese crypto exchange Mt. Gox has once again moved a massive amount of bitcoin (BTC) on-chain, marking its third major transaction in the past four weeks.

According to blockchain analytics firm Arkham Intelligence, the exchange transferred a total of 11,501 BTC early Tuesday. Of that, 893 BTC ($78.11 million) was sent to a hot wallet labeled 1Jbez, while 10,608 BTC ($927.48 million) was moved to a change wallet identified as 1DcoA. The transfers took place during early Asian trading hours when Bitcoin was trading above $87,000 in the spot market.

This follows previous transactions by Mt. Gox on March 6 and March 11, when the exchange moved over $1 billion and $900 million worth of BTC, respectively. Despite the large-scale movements, Bitcoin’s price has remained stable, a stark contrast to mid-2024 when fears of creditor liquidations triggered market volatility.

Mt. Gox, which collapsed in 2014, continues to work through its long-awaited repayment process. In October 2024, the exchange announced that its final creditor payout deadline had been extended by a full year to October 31, 2025, citing ongoing verification and processing requirements.