Mt. Gox’s cold wallets awaken after 5-year hiatus, transferring $9.64B worth of BTC to new wallet

According to data from blockchain analysis platform Arkham, cold wallet addresses linked to the now-defunct Bitcoin exchange Mt. Gox moved over 141,686 BTC (approximately $9.61 billion) to a new wallet address starting with 1JbezD on the morning of May 28. The movement, spanning over 68 transactions, has made the new wallet the third largest holder of Bitcoin. Alex Thorn, head of research at crypto financial services firm Galaxy Digital Research, mentioned on X that the first movement from Mt. Gox's cold wallets in over five years is likely part of a plan to redistribute assets to creditors. “i personally expect most BTC gets hodl’d, but i can’t say the same for the BCH,” Thorn added. According to its plans, Mt. Gox is set to distribute its holdings of 142,000 BTC and 143,000 BCH to creditors by Oct. 31.