what's mt. gox?
Mt. Gox was a prominent Bitcoin exchange founded in 2010, initially as a platform for trading Magic: The Gathering cards before pivoting to cryptocurrencies, where it handled up to 70% of global Bitcoin transactions at its peak. It operated as a centralized exchange allowing users to buy, sell, and store Bitcoin. In 2014, it collapsed after hackers stole approximately 850,000 BTC, leading to bankruptcy and ongoing creditor repayment processes involving Bitcoin distributions. The exchange's failure highlighted early vulnerabilities in crypto infrastructure and influenced the development of more secure practices in the industry.
Mt. Gox made a large 500 BTC transfer today, its first in over 4 months.
Moved 500 BTC in a transaction.
Moved $500 worth of BTC on March 23, 2026, marking the first movement in over 4 months.
A wallet that withdrew 2,100 BTC from Mt. Gox in July 2012 made its first transaction after 14 years of dormancy on March 20, 2026, sending a $55 test transaction to a new wallet.
Collapsed February 2014 after a $460M hack, causing Bitcoin to crash to $200. Mark Karpelès proposed a Bitcoin hard fork to recover 79,956 BTC ($5.2B) from the 2011 hack.
Entities linked to Aleksey Bilyuchenko transferred 1,300 BTC (approximately $114 million) to unknown exchanges over the seven days ending December 24, 2025, and currently hold 4,100 BTC (around $360 million) after selling a total of 2,300 BTC.
Sends 185.5 BTC ($16.7M) directly to Kraken exchange as part of today's 10,608 BTC movement after 8 months of inactivity.
Distributed 107,000 BTC to creditors as court-ordered repayments, following a cold wallet transfer of 10,422.6 BTC (~$936M) to a new address.
Transferred 10,423 BTC ($936M) to a new wallet after 8 months of inactivity.
Delays creditor repayments to October 2026, holds 34,689 BTC worth over $2 billion as of March 23, 2026, in wallets awaiting distribution.
An early withdrawer who obtained 749 BTC from Mt Gox 13 years ago at $11 per BTC deposits 300 BTC ($33.47M) to Binance, marking their first-ever sale.
Extended deadline for Bitcoin repayment claims to October 31, 2026; active market buying creditor claims for immediate cash.
Transferred 200-300 BTC daily to B2C2 Group since December 5th, totaling 3,631.87 BTC ($364M) to date, suspected distribution to creditors.