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Mt. Gox shifts $729M in BTC as Bitcoin tests support
Jun 2, 2026
< 1 min read
by Hristina Vasileva
for CryptoPolitan
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Bankrupt Mt. Gox moved 10,306 BTC to a new wallet and shifted 116 BTC from its cold wallet to a hot wallet, while still holding roughly $4B in BTC and postponing creditor distributions to October 31. The large transfers and delayed payouts increase crypto market risk of sell-side pressure, liquidity concerns for BTC and renewed scrutiny of centralized exchange refund processes.
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Mt. Gox transferred 10,306 BTC to a new wallet and another 116 BTC from its cold to its hot wallet. The bankrupt exchange still sits on $4B in BTC, with distributions pushed back to October 31.
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$ 63.04K
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In This News
Coins
$ 63.04K
-0.28%$ 0.00254
Predictions Markets
See what traders are focused on
Share: