Mt. Gox moves nearly $1 billion in Bitcoin after announcing delay in reimbursement

Source: PortaldoBitcoin Original Title: Mt. Gox moves nearly $1 billion in Bitcoin after announcing delay in reimbursement Original Link: Mt. Gox on Monday (17) moved and sent 10,608 BTC, worth US$ 950 million, to a new wallet address. The transfer was identified by the on-chain analytics firm Arkham Intelligence.

The transaction was divided into two parts: 10.422 BTC were sent to an unidentified address labeled “1ANkD…ojwyt”, while a smaller portion of around 185.5 BTC was redirected back to Mt. Gox's own hot wallet.

These movements are often signs that precede a new round of reimbursements for customers. In October, the company announced that it postponed the deadline to reimburse its customers by another year, to October 2026, with the previous deadline being October 31, 2025.

The judicial administrator of Mt. Gox stated that he has “largely completed” the base reimbursement, the one-time early reimbursement, and the intermediate reimbursement for creditors who have successfully completed the eligibility procedures for reimbursement.

This is the third postponement of the refund deadline of the defunct exchange, which was initially scheduled to occur by October 31, 2023.

The history of Mt. Gox

Mt. Gox was an exchange based in Tokyo, founded in 2010, and became one of the largest Bitcoin trading platforms at the time. In 2014, it suffered a security breach that resulted in the loss of 850,000 BTC, leading the company to suspend withdrawals and file for bankruptcy.

In September 2023, the judicial administrator of the now-defunct exchange announced that it intended to reimburse a portion of the original losses to creditors with the recovered assets, including 142,000 bitcoins and 143,000 bitcoin cash, as well as fiat currency totaling 69 billion Japanese yen (US$ 510 million).

Since mid-2024, several creditors reported having received payments through exchange platforms. According to the statement on March 27, 2025, the judicial administrator reimbursed 19,500 creditors in Bitcoin and Bitcoin Cash.

Mt. Gox still holds 34,689 BTC, valued at around $4 billion, according to on-chain data from Arkham.