Cryptocurrency exchange Mt. Gox has once again transferred more than a billion dollars in bitcoins

The bankrupt crypto exchange Mt. Gox has made a large bitcoin transfer again BTC $81,943.17 Bitcoin -1.17% Market capitalization $1.63 trillion VOL. 24 hours $0.89 billion - On March 25, the platform transferred 11,501.4 BTC worth more than a billion dollars. This is the third major transaction in the last month. Analysts speculate that the exchange is preparing to pay its creditors.

According to Arkham Intelligence, 893 BTC (about $ 78 million) of Mt. Gox sent to its cold wallet. More than 10,600 BTC (almost $ 929 million) went to a separate wallet that is often used for technical operations. The exchange has already made similar transfers on March 6 and 11, when the total amount of the two transactions amounted to almost 24 thousand BTC.

Analytical company Spot On Chain reported that some of the previously transferred bitcoins have already appeared on the Bitstamp exchange. Experts assume that new funds may soon enter the market, as Mt. Gox is preparing for the next stage of settlements with affected depositors.

Mt. Gox went bankrupt back in 2014 after a large-scale hack that resulted in the loss of 850,000 bitcoins. It was once the largest crypto exchange in the world, handling up to 80% of all bitcoin transactions. After the company’s collapse, a Tokyo court appointed a receiver to manage the remaining assets and gradually return the money to creditors.

The court receiver has postponed the payment deadline several times, with the current deadline set for October 31, 2025. Some creditors have agreed to receive compensation in bitcoin. According to a survey on the Reddit forum, more than half of them do not plan to sell the digital assets they have received.