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Mar 25, 2025
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Mt. Gox Transfers 10,608 BTC Worth $927.48M to New Wallets

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Mt. Gox, a defunct Japanese crypto exchange, transferred significant amounts of bitcoin (BTC) early Tuesday, as reported by Arkham Intelligence. Key details include:

  • 893 BTC ($78.11M) moved to hot wallet 1Jbez
  • 10,608 BTC ($927.48M) transferred to change wallet 1DcoA
  • The transfers occurred during early Asian trading hours when BTC was priced above $87,000
  • This marks the third major fund movement in four weeks; previous movements included over $900 million on March 11 and over $1 billion on March 6
  • Current transfers have not influenced the spot price, unlike past activities that caused market volatility
  • The deadline for creditor payouts has been extended to October 31, 2025