Mt. Gox, the defunct crypto exchange that collapsed in 2014, moved around $500 worth of Bitcoin from wallets it still controls today, its first Bitcoin transfer in four months, according to data from Arkham Intelligence.
The transaction has renewed speculation about the pace of creditor repayments ahead of a court-imposed claims deadline.
Mt. Gox still holds 34,503 Bitcoin worth approximately $2.4 billion at current market prices.
The entity has seen unrealized gains exceeding $10 billion on its remaining holdings since the exchange closed over a decade ago.
The final repayment deadline is October 31, 2026, giving the trustee approximately seven months to complete the remaining distributions.
This is a developing story.
Source: https://cryptobriefing.com/mt-gox-bitcoin-transfer-deadline/
