Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Mt Gox, the failed Tokyo-based crypto exchange, is back in the news after on-chain data confirmed that it has moved 11,501.4 Bitcoins worth over $1 billion to its two crypto wallets.
Arkham Intelligence shared this latest information, which revealed that the once-popular crypto exchange moved over 11,000 Bitcoins on March 25th.
The analytics company stated that the exchange transferred 899 Bitcoin to a cold crypto wallet (1Jbez) and another 10,608 Bitcoins to another account (1DcoA).
Interestingly, the bankrupt exchange also sent 12,000 Bitcoins worth $1 billion last March 6th and 11,833 Bitcoins on March 11th. Arkham Intelligence confirms that the exchange still controls 35,000 Bitcoins worth more than $3 billion in different wallets.
💥BREAKING:
MT. GOX MOVES 11,501 $BTC WORTH $1 BILLION.
893 $BTC ($78.11M) TO THE HOT WALLET
10,608 $BTC ($927.48M) TO A CHANGE WALLET
SHOULD WE BE WORRIED? pic.twitter.com/RUAcQFYwqa
— Crypto Rover (@rovercrc) March 25, 2025
Mt. Gox Moves Another $1 Billion Worth Of Bitcoins
Mt. Gox is having a busy March after on-chain data suggest that the company has moved billions of Bitcoins. According to Arkham Intelligence, the crypto exchange has transferred over 11,000 Bitcoins in its third crypto transaction this March. After noting the transaction, the analytic firm instantly shared the news through its Twitter/X account.
In a post, the firm confirmed the transfer of 893 Bitcoins worth around $78 million to a Mt. Gox wallet. Then, the company transferred 10,608 Bitcoins valued at $929 million to another wallet.
Source: Arkham Intelligence
Spot On Chain Reveals Mt. Gox Previously Transferred Assets To Bitstamp
Spon On Chain also shared that one of Mt. Gox’s recent transfers targeted Bitstamp. The analytics firm noted that the 833.4 Bitcoins added to its Bitstamp account will be moved again. It said the exchange’s wallet (1PuQB) had transferred 12,000 Bitcoins valued at over $1 billion last March 6th.
Akrham also added that the crypto exchange transferred $15 million of the $1 billion fund to BitGo, one of its custodians handling creditor repayments. Mt. Gox also moved 166.5 Bitcoins valued at $15 million to its cold wallet, while the rest was transferred to an unidentified crypto wallet.
Mt. Gox was also active last March 11th, transferring 11,833 Bitcoins worth nearly $1 billion at current prices. Spot On Chain shared that the company started transferring its assets last June 2024, with the first tranche valued at $9.2 billion.
Mt. Gox Moving Its Bitcoins To Pay Creditors
Mt. Gox was once the top crypto exchange before it fell into bankruptcy in early 2024, losing 850,000 Bitcoins. At its peak, the crypto exchange handled 70 to 80% of the total crypto trade transactions.
After its collapse in February 2014, a court appointed trustees to manage the company’s bankruptcy proceedings and plan its finances. According to a court agreement, Mt. Gox has until October 31st, 2025, to compensate the affected customers.
Featured image from Shutterstock, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes
only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any
investments and naturally investing carries risks. You are advised to conduct your own
research before making any investment decisions. Use information provided on this website
entirely at your own risk.
English