Mt. Gox moved approximately $9.6 billion in BTC to an unconfirmed address.

According to data released by Arkham Intelligence, Mt. Gox moved approximately $9.6 billion worth of Bitcoin to unidentified addresses through inactive wallets, including 42,830 BTC worth $2.9 billion.

The now-defunct Bitcoin exchange, which decommissioned in 2014, made numerous transactions moving assets to unknown addresses.

Mt. moving assets from your wallet. This activity involving Gox occurred five years later. However, according to Arkham’s monitoring, Mt. Gox reportedly still has $9.42 billion worth of Bitcoin in his wallet.

Late last year, the trustees of Mt. Gox declared that the deadline for repayment of the amount had been postponed by one year to October 31, 2024.

Mt., a platform operating in Tokyo. Gox was officially founded in 2010. It soon grew to become the largest Bitcoin exchange, accounting for 70% of all trading activity worldwide by 2013. It was in 2014 that the exchange ended all withdrawals, and the business ceased trading practices altogether. Soon after, the website was banned. It finally claimed bankruptcy after losing more than 800,000 bitcoins.