MtGox is Back in Action

The MtGox exchange has made its first significant transactions since September, sending 31.78 BTC to one address and 468.24 BTC to another. According to Arkham Intelligence, MtGox still holds 44,905 BTC, worth over $3.1 billion.

It is unclear whether these transfers are a signal of upcoming reimbursements for creditors, as the recipient addresses are not disclosed. In July, large Bitcoin transfers amounting to around $9 billion were recorded, after which MtGox asset manager Nobuaki Kobayashi began distributing funds among creditors.

As a reminder, MtGox, founded in 2010, lost 850,000 BTC in a hack in 2014. This week, the exchange extended the deadline for debt repayments from October 31, 2024, to October 31, 2025, due to delays in processing documentation.