Mt.Gox, a defunct Bitcoin exchange, recently transferred 32,371 BTC worth $2.19 billion to three new addresses. This movement was detected by on-chain transaction trackers, such as Spot On Chain and Arkham Intelligence. This is the largest movement of funds from the exchange since September, when it moved 33,023 BTC valued at $2.269 billion.
Mt. Gox is currently repaying creditors in Bitcoin and Bitcoin Cash, with a deadline extension to October 31, 2025. However, the exchange has faced challenges in completing the necessary procedures for receiving repayments and dealing with “double deposits” to some creditors.
