Bankrupt exchange Mt. Gox transferred 10,422.65 BTC worth over $739 million from its cold wallet, with most sent to a new address and a small amount to a hot wallet. The transaction was not a signal of a new round of creditor repayments, and the trustee has extended the repayment deadline to October 31, 2026, with about 35,000 BTC still to be distributed.
On-chain data from Arkham shows that bankrupt cryptocurrency exchange Mt. Gox moved 10,422.65 bitcoins from its cold wallet today, worth more than $739 million. The vast majority — 10,306.35 BTC — was sent to a previously unused address, while another 116.30 BTC was routed to a known Mt. Gox hot wallet. The transaction did not indicate any intention to sell or launch a new round of creditor repayments.
Because creditor procedures remain incomplete and processing has faced delays, the liquidation trustee has extended the repayment deadline to October 31, 2026. Mt. Gox still holds approximately 35,000 bitcoins, valued at around $2.4 billion, awaiting future distribution. This large-scale on-chain movement, the biggest since the exchange’s collapse, comes as the repayment deadline approaches, renewing market focus on how the remaining assets will be handled.
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