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Mt. Gox Transfers $739 Million in Bitcoin as Repayment Deadline Approaches

According to monitoring by Arkham, the bankrupt cryptocurrency exchange Mt. Gox transferred 10,422.65 bitcoins today from its cold wallet, valued at over $739 million. Most of the funds were sent to a new wallet, while 116.30 bitcoins were routed to Mt. Gox's known hot wallet. This transaction did not indicate that Mt. Gox sold any bitcoins or initiated a new round of creditor repayments. Due to the incomplete creditor process and processing delays, the liquidation trustee has extended the repayment deadline to October 31, 2026. Currently, Mt. Gox still has approximately 35,000 bitcoins awaiting distribution, worth about $2.4 billion.

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