From Cointelegraph
March 24, 2025 10:00:00 pm:

Bankrupt crypto exchange Mt. Gox moves 11,501 Bitcoin in third significant transaction in less than a month. The transfer on March 25 sent 893 BTC worth $78 million to Mt. Gox cold wallet and 10,608 BTC worth $929 million to another wallet. Source: Arkham Intelligence.

Previous moves saw Mt. Gox shuffle 12,000 BTC on March 6 and 11,833 BTC on March 11. Spot On Chain reports one transfer ended up in Bitstamp. Speculation is high that the 893 BTC sent to the warm wallet will be moved out soon. Source: Spot On Chain.

Arkham data shows Mt. Gox still holds about 35,000 Bitcoin worth $3.1 billion. Many believe significant movements could signal creditor payouts are near. Creditors have the option to receive payouts in Bitcoin, with a Reddit poll showing they are not rushing to sell. Mt. Gox fell into bankruptcy in 2014 after a massive hack.

The trustee managing Mt. Gox’s Bitcoin stash extended the deadline for repayments to Oct. 31, 2025, due to incomplete procedures. Last December, over 24,000 Bitcoin worth nearly $2.5 billion was moved to an unknown address. Magazine feature: Meet lawyer Max Burwick, ‘The ambulance chaser of crypto’.

Read more at Cointelegraph: Mt. Gox transfers $1B in Bitcoin in third major BTC move this month