In a turn of events that would make even the most jaded of financial wizards raise an eyebrow, the defunct crypto colossus Mt. Gox has decided to sprinkle a billion dollars’ worth of Bitcoin into an unknown digital wallet. Rather like a tipsy uncle emptying his pockets at a family gathering, the whole affair is both bewildering and faintly amusing.
Our friends at Arkham Intelligence, who are always on the lookout for such peculiarities, report that this curious transaction occurred at the ungodly hour of 3:17 UTC on a Thursday. Mt. Gox, with a flourish, transferred a tidy sum of 11,834 BTC (which, by some magical arithmetic, amounts to $1.08 billion) from its “1PuQB” wallet to the enigmatic address “1Mo1…9gR9.” One can only imagine the address as a shadowy figure, cloaked in mystery and possibly a fedora.
ARKHAM ALERT: MT GOX MOVING $1B $BTC 🚀
— Arkham (@arkham) March 6, 2025
Not content with a single act of financial whimsy, the exchange then decided to throw another 166.5 BTC (a mere $15.12 million) into its cold wallet, “1Jbez,” presumably for safekeeping or to fund a lavish retirement in the South of France.
Mt. Gox, once the titan of the Bitcoin world, controlling a staggering 70% of all transactions, fell from grace in 2014 after a rather unfortunate incident involving hackers and a significant loss of BTC. It was a bit like watching a grand piano fall from a skyscraper – you can’t look away, but you feel rather sorry for the piano.
Since then, creditors have been waiting with bated breath for their dosh to be returned. Mt. Gox, in a move that can only be described as ‘typically Mt. Gox,’ declared in October 2024 that repayments would be delayed. The new date is set for October 31, 2025, which, coincidentally, is also Halloween. Spooky!
This latest transfer is just another chapter in the long and rather eccentric saga of Mt. Gox in the wild world of cryptocurrency. One can only wonder what the next act will bring. 🎩
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2025-03-06 09:47