Mt Gox, the defunct crypto exchange that lost over 850,000 Bitcoin (BTC) to hackers, has moved more than $739 million to a new wallet.
On June 2, Mt Gox’s cold wallet transferred 10,423 BTC, valued at about $739 million, to a new wallet, 14FEEM…9nc9eq, according to data from Arkham Intelligence analyzed by Finbold. Two hours after making this transfer, the designated rehabilitation trustee initiated another movement of 116.29 BTC, worth approximately $8.07 million, to a new wallet, 1A4xgf…BJQNj4.
As such, the Mt Gox cold wallet held roughly 34,504 Bitcoin, with a net value of more than $2.4 billion at the time of publication. The last time its cold wallet had a transfer of this size was six months ago, when the rehabilitation trustee conducted several internal consolidations, potentially in preparation for upcoming fund distributions.
Mt Gox Bitcoin repayment schedule
Mt. Gox’s rehabilitation trustee received approval from the Tokyo court to extend the final deadline from October 31, 2025, to October 31, 2026, to complete repayment processing. As such, the longest-running crypto creditor saga is approaching the end after more than a decade of court battles.
Notably, the last time the defunct crypto exchange initiated major distributions of Bitcoin and Bitcoin Cash to creditors was in July 2024. During this Bitcoin payout, around 47,000 BTC was distributed through several cryptocurrency exchanges, including Kraken, Bitstamp, and BitGo.
Additionally, the rehabilitation trustee distributed around 10,000 BTC in early 2025, thereby increasing the total verified creditors to over 19,000. With about five months until its final Bitcoin payouts, its latest BTC transfers could be a preparatory move to facilitate seamless distribution.
