Bankrupt Crypto Exchange MT. Gox has just moved 11,501 bitcoin in its third significant transaction in less than a month.
The blockchain analysis company, Arkham Intelligence, alerted the transfer community on March 25 on X, revealing that the Japanese exchange had sent 893 Bitcoin (BTC) worth around 78 million dollars at current prices at MT. Gox Cold Wallet (1JBEZ) and another 10.608 Bitcoin, worth around $ 929 million.
Source: Arkham Intelligence
The last decision comes after Mount Gox mixed a total of 12,000 Bitcoin worth more than a billion dollars on March 6 and 11,833 other bitcoin on March 11.
The blockchain analysis platform on Chain declared in an article from March 25 to X that one of the previous transfers this month ended up in the Crypto Exchange Bitstamp.
Spot we chain speculates that the 893 bitcoin “sent to the hot wallet will also be moved shortly”.
Source: Compensate for the chain
Arkham’s data show that the exchange still contains around 35,000 Bitcoin worth $ 3.1 billion on the portfolios it controls.
Many speculate on the important movements of MT. Gox could mean that the payments of the creditors are at the corner of the street. Creditors have the opportunity to receive their Bitcoin payments. A Reddit survey in July 2024 after the grant of the scholarship revealed that the creditors did not rush to sell their Bitcoin payments.
Mount Gox went bankrupt in early 2014 after suffering a loss of 850,000 bitcoins in one of the largest crypto hacks ever recorded. Before the violation of security, it was the greatest exchange of Bitcoin, with around 70 to 80% of the trades.
After his bankruptcy in February 2014, a Tokyo court appointed a trustee to manage the bankruptcy procedure and compensate creditors with the assets of the Stock Exchange.
In relation: MT. Gox moves $ 2.2 billion in Bitcoin, adding to the BTC sales pressure
However, last October, the trustee in charge of the Bitcoin reserve of the exchange extended the deadline, pushing it from a full year until October 31, 2025, claiming that many creditors “have still not received their reimbursements because they have not completed the necessary procedures to receive reimbursements”.
Last December, Mont Gox also moved more than 24,000 Bitcoin, worth almost 2.5 billion dollars, at an unknown address after the cryptocurrency crossed an important $ 100,000 stage.
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