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Mt. Gox Moves $1 Billion in Bitcoin – Crypto Community on High Alert!

Published by
Nidhi Kolhapur

Mt. Gox, the infamous crypto exchange that collapsed a decade ago, is on the move again—this time shifting over $1 billion in Bitcoin. According to Arkham Intelligence, the exchange transferred 12,000 BTC on March 6, with a shockingly low transaction fee of just $1.64.

With billions in Bitcoin still tied to the exchange, all eyes are on its wallets.

Where Did the Bitcoin Go?

Along with the main transfer, another 166.5 BTC (about $15 million) was sent to Mt. Gox’s cold wallet (1Jbez). The rest—11,834 BTC—went to an unknown wallet (1Mo1n).

Mt. Gox-linked wallets now hold 36,080 BTC, worth around $3.26 billion, according to Arkham data. This is the first major Bitcoin movement from these wallets in a month. The last transfer was just 4 BTC between cold wallets. The reason behind this latest move is unclear, but in December, Mt. Gox shifted 1,620 BTC through unknown wallets—just two weeks after moving 24,000 BTC.

Markets React to New Tariffs

The transfer happened during a turbulent week for Bitcoin, as new U.S. trade tariffs from President Donald Trump shook global markets. High-risk assets like crypto took a hit. Bitcoin’s price surged to $94,770 on March 3, then plunged to $82,681 on March 4 before recovering above $90,000 on March 5.

A Decade Later, Creditors Still Waiting

Mt. Gox was once the biggest Bitcoin exchange, handling 70% of all BTC trades by 2013. But in early 2014, it suddenly stopped withdrawals and trading before shutting down completely. It later filed for bankruptcy, reporting the loss of over 800,000 BTC.

More than a decade later, creditors are still waiting for their funds. In October 2024, Mt. Gox announced a new repayment deadline—October 31, 2025—delaying hopes of a resolution once again.

A decade may have passed, but for Mt. Gox creditors, the wait for justice—and their Bitcoin—continues.


Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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