An address tied to long-defunct crypto exchange Mt. Gox moved large amounts of BTC to an unidentified address early Thursday as the cryptocurrency’s price rose to six figures.
The address labelled as Mt. Gox (1FHOD) by analytics firm Arkham Intelligence moved 27,871 BTC worth $2.8 billion to another address: 1N7jWmv63mkMdsYzbNUVHbEYDQfcq1u8Yp. The exchange still holds 39,878 BTC worth over $4 billion at press time.
The latest outflow comes three weeks after the defunct exchange transferred 2,500 BTC to an unknown address and has grabbed eye balls on crypto social media. These on-chain movements are likely related to creditor reimbursements, which were a significant source of bearish pressure this summer. In October, Mt. Gox trustee postponed the deadline for creditor repayments by one year to Oct. 31, 2025.
BTC is not showing any sign of weakness as of writing, trading steady above $103,000, CoinDesk data show.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Wall Street's fear gauge, the VIX index, spiked on Friday as stocks dropped. History says…
TL;DR: Babylon Labs has advanced a proposal to bring native Bitcoin collateral to Aave V4…
HONG KONG, October 18, 2026 – As quantum computing advances, the challenge extends beyond Bitcoin’s…
HONG KONG, October 18, 2026 – As quantum computing advances, the challenge extends beyond Bitcoin’s…
TL;DR: Binance will discontinue its mining pool and related services at 07:00 UTC on November…
Bitwise sees a potential return above $100,000, while LO:TECH expects a narrower trading range as…