Mt. Gox Transfers $2 Billion in BTC to New Accounts Amid Ongoing Debt Settlements
Mt. Gox has transferred $2.19 billion in Bitcoin to new accounts amid ongoing debt settlements, with repayment deadlines extended for creditors.

The defunct Bitcoin exchange Mt. Gox has recently transferred a substantial amount of Bitcoin, moving 32,371 BTC, valued at approximately $2.19 billion, to three new addresses. This transfer has been tracked by various on-chain transaction monitoring platforms, including Spot On Chain and Arkham Intelligence.
Details of the Bitcoin Transfer
According to Spot On Chain, the first transfer involved 30,371 BTC sent to a wallet beginning with 1FG2…Rveoy. Following this, an additional 2,000 BTC, worth around $130 million, was directed to one of its established cold wallets, 1JbezD…EvhKLAPs6, before the majority of the funds were moved to an anonymous address, 15gNRV…Ca8Aok.
This latest activity follows a previous transfer just four days prior, where Mt. Gox moved 500 BTC to two unidentified wallet addresses. In total, the exchange has transferred 32,871 BTC within this short time frame, amounting to $2.226 billion.
Spot On Chain also reported that Mt. Gox sent 296 BTC, valued at approximately $20.13 million, to digital asset managers B2C2 and OKX, possibly as part of preparations for creditor disbursements. This represents the largest movement of funds from the exchange since September, when it transferred 33,023 BTC worth $2.269 billion.
Current Holdings and Repayment Status
Despite these movements, Mt. Gox's known addresses are reported to still hold over $3 billion in BTC. However, Spot On Chain estimates a significantly lower amount of 12,006 BTC, valued at around $810 million.
In July, the trustee for Mt. Gox announced the commencement of repayments to creditors in both Bitcoin and Bitcoin Cash (BCH). Initially, a deadline was set for the end of October 2024 for creditors to reclaim their investments, but this has now been extended to October 31, 2025. The extension was attributed to many creditors not completing the necessary procedures for repayment, as well as a system issue that resulted in some creditors receiving "double deposits."
To date, thousands of creditors have received compensation, with the trustee confirming that over 17,000 former customers have successfully been distributed BTC and BCH.
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