Defunct Cryptocurrency Exchange Mt. Gox Transfers Approximately 32,371 BTC, Valued at Around $2.19 Billion, to Unmarked Wallet Addresses

The motivations behind these movements remain unclear, with speculation surrounding whether they are preparing for future repayments to creditors

Bitcoin (BTC) movements from defunct cryptocurrency exchange Mt. Gox continued on Monday evening, with a total of around 32,371 BTC transferred to unmarked wallet addresses.

According to on-chain data, a sum of approximately 30,371 BTC was moved from the exchange’s hot wallet to a new BTC address, identified as “1FG2C…Rveoy.” The transaction carried a fee of 0.0002 BTC (around $13.65) and occurred at Block 774,563, which was processed at 21:43:06 UTC on Monday.

Meanwhile, another 2,000 BTC was transferred from Mt. Gox to one of its cold wallets, which is designated as “1Jbez…LAPs6.” This transaction had a lower fee of 0.0001 BTC (around $6.82) and occurred in Block 774,564 at 21:43:33 UTC. Notably, the 2,000 BTC was later moved again to a different unmarked BTC wallet address, “15gNR…a8Aok.”

These BTC movements follow a previous transfer of 500 BTC to unmarked wallets last week. The exchange has been gradually moving small portions of BTC from its cold wallets to other BTC addresses in recent months.

The latest transfers come amid speculation that Mt. Gox may be preparing for future repayments to creditors affected by the exchange's bankruptcy. In the past, similar transfers have preceded repayments through centralized exchanges such as Bitstamp and Kraken.

Mt. Gox, which was once the largest Bitcoin exchange in the world, encountered a devastating security breach in 2014. The incident led to the loss of at least 850,000 BTC, which were valued at around $460 million at the time.

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