**500 BTC Transferred from Mt. Gox-Associated Wallet: Insights from Arkham Data**
On November 1, the now-defunct Mt. Gox cryptocurrency exchange executed a transfer of 500 Bitcoins (BTC), valued at approximately $35.04 million, to a series of undisclosed addresses.
As reported by Arkham Intelligence, this transaction originated from Mt. Gox’s cold wallet, with the movement recorded at 00:42 UTC on Friday. Crypto analyst Ember CN noted, “It remains uncertain whether this will trigger a new wave of compensation for creditors.”
Arkham’s data indicates that about 44,900 BTC, equivalent to $3.11 billion, still resides in the Mt. Gox wallet, pending distribution to creditors.
Following the initial transfer, two additional transactions were recorded: one for 31.78 BTC and another for 468.24 BTC, both sent to unrecognized addresses. This marks the first significant movement of funds from the troubled exchange’s wallets in the past month.
Previously, in August, Mt. Gox had transferred over $855 million worth of Bitcoin to untraceable wallet addresses, which included two substantial transactions—one totaling $74 million directed to a wallet identified as part of the exchange’s cold storage, and another for $784.2 million sent to an unknown address.
In July, the beleaguered Japanese exchange, which collapsed in 2014, moved Bitcoin valued at $2.5 billion. According to data from blockchain analytics firm Glassnode, of the 142,000 Bitcoins recovered, 59,000 have already been allocated to creditors through the Kraken and Bitstamp exchanges.
**Postponement of Mt. Gox Repayment Deadline**
Last month, the Rehabilitation Trustee overseeing Mt. Gox’s assets announced an extension of the deadline for asset distribution to creditors, now set for October 31, 2025. “A number of rehabilitation creditors have yet to receive their repayments due to incomplete necessary procedures,” the trustee’s statement clarified.
Amid this news, the ongoing Mt. Gox repayment process and Bitcoin liquidation have sparked considerable concerns regarding their potential effects on the cryptocurrency’s market prices. Following a recent peak of $73,295 on October 30, Bitcoin, the leading digital asset, experienced a correction, briefly dipping 5.5% to around $69,000.
