Defunct crypto exchange Mt. Gox moved 10,608 BTC, valued at approximately $956 million, to an unmarked wallet late Monday, according to Arkham Intelligence. Of this, around 10,422 BTC were sent to an unmarked address, while roughly 185.5 BTC went to its own hot wallet. Historically, such Bitcoin movements have often preceded repayments to creditors of the bankrupt exchange, though it remains unclear if Monday’s transfer is linked to future distributions.

Launched in 2010, Mt. Gox was once the largest Bitcoin exchange, handling 70% of global trades in 2013. A 2014 hack led to the loss of around 850,000 BTC, forcing the exchange into bankruptcy. Since July 2024, the exchange has begun repaying creditors from holdings of 142,000 BTC ($11 billion), 143,000 Bitcoin Cash ($47 million), and 69 billion yen ($469 million). The latest delay announced by its rehabilitation trustee extended the repayment deadline to October 2026.

Currently, Mt. Gox still holds 34,689 BTC (worth $3.1 billion) across its wallets. Observers will closely watch any future Bitcoin movements for signals about the next phase of creditor repayments.