Mt. Gox’s $1 Billion Bitcoin Shuffle: Is the Crypto World About to Tumble? 🚨💰

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Well, folks, it seems like Mt. Gox, that ol’ Tokyo-based crypto exchange that went belly-up faster than a cat in a bathtub, is back at it again. On-chain data has confirmed that the exchange has moved a whopping 11,501.4 Bitcoins, worth over $1 billion, to its two crypto wallets. Now, ain’t that a kick in the teeth? 🤔

Arkham Intelligence, the Sherlock Holmes of the crypto world, shared this juicy tidbit, revealing that the once-popular exchange moved over 11,000 Bitcoins on March 25th. The analytics company stated that the exchange transferred 899 Bitcoin to a cold crypto wallet (1Jbez) and another 10,608 Bitcoins to another account (1DcoA). 🕵️‍♂️

But wait, there’s more! The bankrupt exchange also sent 12,000 Bitcoins worth $1 billion last March 6th and 11,833 Bitcoins on March 11th. Arkham Intelligence confirms that the exchange still controls 35,000 Bitcoins worth more than $3 billion in different wallets. That’s enough Bitcoin to make Scrooge McDuck blush. 🦆💰

BREAKING:

MT. GOX MOVES 11,501 $BTC WORTH $1 BILLION.

893 $BTC ($78.11M) TO THE HOT WALLET

10,608 $BTC ($927.48M) TO A CHANGE WALLET

SHOULD WE BE WORRIED?

— Crypto Rover (@rovercrc) March 25, 2025

Mt. Gox is having a busier March than a squirrel in a nut factory. According to Arkham Intelligence, the crypto exchange has transferred over 11,000 Bitcoins in its third crypto transaction this March. After noting the transaction, the analytic firm instantly shared the news through its Twitter/X account. 🐿️

In a post, the firm confirmed the transfer of 893 Bitcoins worth around $78 million to a Mt. Gox wallet. Then, the company transferred 10,608 Bitcoins valued at $929 million to another wallet. That’s a lot of zeros, folks. 🤑

Spot On Chain also shared that one of Mt. Gox’s recent transfers targeted Bitstamp. The analytics firm noted that the 833.4 Bitcoins added to its Bitstamp account will be moved again. It said the exchange’s wallet (1PuQB) had transferred 12,000 Bitcoins valued at over $1 billion last March 6th. 🎯

Akrham also added that the crypto exchange transferred $15 million of the $1 billion fund to BitGo, one of its custodians handling creditor repayments. Mt. Gox also moved 166.5 Bitcoins valued at $15 million to its cold wallet, while the rest was transferred to an unidentified crypto wallet. 🕵️‍♂️

Mt. Gox was also active last March 11th, transferring 11,833 Bitcoins worth nearly $1 billion at current prices. Spot On Chain shared that the company started transferring its assets last June 2024, with the first tranche valued at $9.2 billion. That’s a lot of digital dough. 🍞

Mt. Gox was once the top crypto exchange before it fell into bankruptcy in early 2024, losing 850,000 Bitcoins. At its peak, the crypto exchange handled 70 to 80% of the total crypto trade transactions. 🏆

After its collapse in February 2014, a court appointed trustees to manage the company’s bankruptcy proceedings and plan its finances. According to a court agreement, Mt. Gox has until October 31st, 2025, to compensate the affected customers. ⚖️

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2025-03-26 05:48