Mt. Gox Moves $950M in Bitcoin Amid Ongoing Price Slide

The long-defunct Mt. Gox exchange executed a large on-chain Bitcoin transfer Monday, moving roughly 10,608 BTC, valued at approximately $950 million, to a new wallet, according to blockchain analytics firm Arkham Intelligence.

The bulk of the transfer—about 10,422 BTC—went to an unidentified address labeled “1ANkD…ojwyt,” while a smaller portion of 185.5 BTC was returned to Mt. Gox’s own hot wallet. Historically, similar large BTC movements by Mt. Gox have often preceded repayments to creditors affected by the exchange’s 2014 collapse.

While it is not yet confirmed whether this transfer is linked to creditor reimbursements, the timing coincides with Bitcoin’s ongoing downtrend, as BTC prices have fallen below $90,000. The move has sparked speculation in the market about potential sell-offs should creditor payouts occur.

Mt. Gox was famously hacked in early 2014, losing roughly 850,000 BTC, which led to the company filing for bankruptcy. Repayment efforts resumed last year, with a final claim deadline set for 2026. The exchange still holds around 34,689 BTC—worth nearly $3.1 billion—across multiple wallets, according to Arkham Intelligence.