{"id":18889,"date":"2025-03-25T03:17:18","date_gmt":"2025-03-25T03:17:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18889"},"modified":"2025-03-25T03:17:18","modified_gmt":"2025-03-25T03:17:18","slug":"defunct-exchange-mt-gox-moves-1b-in-bitcoin-to-two-wallets","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18889","title":{"rendered":"Defunct Exchange Mt. Gox Moves $1B in Bitcoin to Two Wallets"},"content":{"rendered":"<div>\n<p>Defunct Japanese crypto exchange Mt. Gox made waves early Tuesday, moving large amounts of bitcoin (BTC) to two wallets, according to on-chain data tracking platform Arkham Intelligence.<\/p>\n<p>The <a href=\"https:\/\/intel.arkm.com\/explorer\/entity\/mt-gox\" target=\"_blank\">address associated<\/a> with the exchange transferred 893 BTC ($78.11M) to its hot wallet, labelled 1Jbez and 10,608 BTC ($927.48M) to a change wallet identified as 1DcoA during Tuesday&#8217;s early Asian trading hours when the <a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\" target=\"_blank\">cryptocurrency traded above $87,000 in the spot market<\/a>.<\/p>\n<p>The latest action is the exchange&#8217;s third significant on-chain movement of funds in four weeks. <\/p>\n<p>The exchange moved over $900 million in BTC on March 11 and over $1 billion in BTC on March 6. However, the latest coin shuffling has not impacted the spot price so far, as seen early this month.<\/p>\n<p>That&#8217;s in stark contrast to mid-last year, <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/11\/11\/mt-gox-shuffles-24b-bitcoin-between-wallets-as-btc-hovers-near-82k-arkham\" target=\"_blank\">when Mt. Gox&#8217;s transfer of coins spurred fears of creditor liquidations<\/a>, causing <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/06\/24\/first-mover-americas-mt-gox-repayments-worsen-btc-woes\" target=\"_blank\">price volatility.<\/a><\/p>\n<p>However, last October, the exchange extended its complete creditor payout deadline by a full year to Oct. 31, 2025, citing ongoing verification and processing requirements for claimants.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Defunct Japanese crypto exchange Mt. Gox made waves early Tuesday, moving large amounts of bitcoin (BTC) to two wallets, according to on-chain data tracking platform Arkham Intelligence. The address associated with the exchange transferred 893 BTC ($78.11M) to its hot wallet, labelled 1Jbez and 10,608 BTC ($927.48M) to a change wallet identified as 1DcoA during [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18889","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18889"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18889\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}