Defunct Japanese Crypto Exchange Mt. Gox made waves early Tuesday and moved large quantities of Bitcoin (BTC) to two wallets, according to on-chain-data-tracking platform Arkham Intelligence.
The address associated with the exchange transferred 893 BTC ($ 78.11 million) to its hot wallet, labeled 1jbez and 10,608 BTC ($ 927.48 million) to a change wallet identified as 1DCOA in Tuesday’s early Asian trade times, when cryptocurrency traded over $ 87,000 on the spotmarket.
The latest action is Exchange’s third important on-chain movement of funds in four weeks.
The exchange moved over $ 900 million in BTC on March 11 and over $ 1 billion in BTC on March 6th. However, the latest coin mixture has not affected the spot price so far, as seen early this month.
It is in sharp contrast to the middle of last year when Mt. Gox’s transfer of coins spurred fear of creditor liquidation, causing award volatility.
Last October, however, the Exchange extended its full payment period with a full year to 31 October 2025 with reference to ongoing verification and treatment requirements for plaintiffs.