Mt. Gox transfers $731M in Bitcoin to new wallet as market eyes $70K support

Defunct crypto exchange Mt. Gox transferred 10,423 Bitcoin on Monday, its first on-chain movement in two months. Of that amount, approximately 10,306 BTC, valued at about $731 million, was sent to a new wallet address, according to Arkham Intel data.

The transaction has revived speculation over creditor repayments as Mt. Gox’s long-running rehabilitation process approaches its final deadline.

The final repayment deadline remains October 31, 2026, giving the Rehabilitation Trustee approximately five months to complete outstanding creditor distributions.

According to Mt. Gox Rehabilitation Trustee, most repayments have already been made to eligible creditors who have completed all required procedures, with around 19,500 creditors having received their Bitcoin and Bitcoin Cash repayments as of March 2025. The trustee has said that the remaining payouts will be finalized as reasonably practicable with court approval before the October 31, 2026 deadline.

This is a developing story.

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