Mt. Gox Transfers $739 Million in Bitcoin Ahead of Repayment Deadline
Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears

Image: Coindesk
Mt. Gox, the defunct bitcoin exchange, transferred 10,422.65 bitcoin valued at approximately $739 million to new wallets, marking its largest transaction in months. This move comes as the October 31, 2026 repayment deadline approaches for around 19,500 creditors.
- 01The transaction involved 10,306.35 BTC sent to a new address and 116.30 BTC to Mt. Gox's hot wallet.
- 02Mt. Gox still retains about 34,504 BTC, valued at $2.43 billion, making it the largest unresolved holding from any failed crypto exchange.
- 03Repayments to creditors began in mid-2024, with the final deadline recently extended to October 31, 2026.
- 04The current bitcoin market is under pressure, with prices dropping below $71,000 amid various market factors.
- 05Creditor distributions could lead to increased selling pressure, as many creditors acquired their coins before the exchange's 2014 collapse.
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On October 31, 2026, Mt. Gox, the notorious defunct bitcoin exchange, executed a significant transfer of 10,422.65 bitcoin, valued at approximately $739 million, to new wallets. This transaction, recorded in Bitcoin block 952,072, included a substantial portion sent to a new address, while a smaller amount was directed to the exchange's hot wallet. The move is part of preparations for the upcoming repayment deadline for around 19,500 creditors, many of whom purchased bitcoin prior to the exchange's collapse in 2014. Currently, Mt. Gox holds about 34,504 bitcoin worth $2.43 billion, representing the largest unresolved asset from any failed cryptocurrency exchange. The repayment process officially commenced in mid-2024, but the deadline has been extended twice due to incomplete creditor procedures. This transfer occurs during a period of market instability, with bitcoin prices falling below $71,000, raising concerns about potential selling pressure from creditors looking to realize gains.
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