Mt. Gox Moves $936 Million in BTC; Repayment Deadline Extended

A major move by Mt. Gox, the collapsed Bitcoin exchange, has sent ripples through the crypto market. The exchange transferred a staggering $936 million worth of Bitcoin (BTC) to a new wallet after eight months of inactivity, marking its first significant on-chain movement in years. This comes as the company’s repayment deadline for creditors is extended to October 2026, the third time this has been pushed back. The transfer coincides with growing market uncertainty and adds to concerns about the impact of the exchange’s history on the crypto space.