Key facts
- Mt. Gox cold wallet transferred 10,423 BTC to a new address on June 2.
- The transferred Bitcoin is valued at approximately $739 million.
- A second transfer of 116 BTC ($8.25 million) was sent to Mt. Gox's hot wallet.
- This is the first major on-chain movement from Mt. Gox wallets in approximately six months.
- The creditor repayment deadline has been extended to October 31 due to administrative delays.
- Around 34,000 BTC remains to be distributed to creditors.
Mt. Gox was once the world's largest Bitcoin exchange before collapsing in 2014 due to a massive hack. The exchange has been in the process of repaying creditors with Bitcoin and Bitcoin cash. Large movements of these funds can often cause market speculation and price volatility. The creditor repayment deadline has been extended to October 31.