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Techub News reports that @arkham tweeted that the bankruptcy trustee's marked wallets related to the defunct cryptocurrency exchange Mt. Gox still hold approximately $2.88 billion worth of Bitcoin on the blockchain, totaling 34,387.51 BTC, ten years after the exchange's collapse.
Techub News reports, according to Emmett Gallic's monitoring, an address associated with the Mt. Gox hacker Aleksey Bilyuchenko deposited 926 bitcoins to an unknown exchange. This entity currently still holds 3000 bitcoins, valued at approximately $275 million. It remains uncertain whether Aleksey Bilyuchenko holds these assets. Aleksey Bilyuchenko was last seen serving a 3.5-year sentence in Moscow.
Techub News reported that according to Arkham data, addresses associated with Mt. Gox transferred a total of 10,608 Bitcoin, worth approximately $954 million, to multiple addresses within one hour, of which 185 Bitcoin were transferred to its hot wallet.
Techub News: Mt. Gox has postponed the repayment deadline by another year. The original repayment deadline of October 31, 2025, has been extended to October 31, 2026. This change, approved by the court, aims to provide more time for creditors who have not yet completed the necessary procedures or have not received repayment due to issues during the process.
Techub News, according to CryptoSlate, the Mt. Gox trustee must complete the three-phase process of basic repayment to Bitcoin creditors, early lump-sum repayment, and interim repayment by October 31. Currently, approximately 34689 Bitcoin remain in associated wallets. Bitcoin and Bitcoin Cash are distributed via Bitstamp, Kraken, or cash, with some held through BitGo custody. Historical data shows about 64.1% of funds were previously transferred to CEXs; if applied to the remaining balance, a worst-case scenario could involve approximately 22253 Bitcoin entering exchanges simultaneously, representing a potential selling pressure of around $2.4 billion. Kraken and Bitstamp processing windows are up to 90 days and 60 days respectively, meaning actual deposits will occur in batches and at staggered times. Additionally, some distributions may bypass the order book via custody or OTC channels.
Techub News reports, according to Onchain Lens monitoring, a Mt.Gox-associated address deposited another 185.52 Bitcoin to Kraken, worth approximately $16.8 million.
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