Mt. Gox’s Mysterious Bitcoin Moves Send Shockwaves Through Crypto Markets

Ghosts of crypto past resurface as defunct exchange Mt. Gox executes eyebrow-raising Bitcoin transfers—just when markets thought they'd seen the last of this saga.

The Lazarus wallet shuffle

Nearly a decade after its collapse, Mt. Gox's cold wallets suddenly sprang to life, moving nine-figure Bitcoin stacks without explanation. Traders scrambled to interpret the movements—was this the long-awaited creditor payout, or something more strategic?

Market impact: All pain, no gain

Bitcoin's price wobbled as the news broke, proving once again that crypto markets still treat Mt. Gox like a bad ex—reacting emotionally to every interaction. Meanwhile, traditional finance analysts smugly noted this wouldn't happen with regulated securities (while quietly moving their own dark pool trades).

The takeaway: In crypto, history never dies—it just waits for the most inconvenient moment to resurface.

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The collapsed Tokyo-based cryptocurrency exchange, Mt. Gox, initiated a substantial Bitcoin$92,177 transfer late Monday night, moving 10,608 Bitcoin worth approximately 956 million dollars to two separate addresses. According to Arkham Intelligence, at around 23:40 CET, 10,422 Bitcoin were transferred to an unlabeled address “1ANkD…ojwyt,” while 185.5 Bitcoin were sent to the exchange’s own hot wallet. The reason behind this transfer remains undisclosed, although similar past activities often heralded payments to creditors.

ContentsMt. Gox’s Mysterious Transfer Shakes the MarketOngoing Repayment Process After Years

Mt. Gox’s Mysterious Transfer Shakes the Market

Arkham Intelligence confirmed that these transfers originated from the known wallets of Mt. Gox. This movement represents one of the most significant Bitcoin transfers carried out during the exchange’s restructuring phase. The current valuation of 10,608 Bitcoin at around 956 million dollars has prompted market monitoring. Notably, the large transfer to the unidentified address “1ANkD…ojwyt” increased uncertainty due to its unknown nature.

Historically, similar bitcoin movements by Mt. Gox were followed by creditor payments shortly thereafter. However, no official statement has been made this time. Experts suggest that the transfer might be a preparatory step before upcoming distributions or a security measure involving address updating.

Ongoing Repayment Process After Years

Founded in 2010, Mt. Gox handled approximately 70% of global Bitcoin transactions at its peak. However, a major hack in 2014 resulted in the loss of 850,000 Bitcoin, leading to the exchange’s bankruptcy filing. The subsequent legal and financial proceedings have become one of the longest rehabilitation cases in cryptocurrency history.

In July 2024, the exchange began repaying some of its assets, which included 142,000 Bitcoins, 143,000 Bitcoin Cash, and funds amounting to 69 billion Japanese yen. Nevertheless, a recent announcement on October 27, 2025, indicated another postponement of the repayment date to October 2026. To date, some creditors have received payments through Kraken and Bitstamp, while Arkham data reveals that the exchange still holds 34,689 Bitcoin, valued at approximately 3.1 billion dollars.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.