Overview
- Arkham Intelligence tracked roughly 10,608 BTC moved on Nov. 18, with about 10,422 BTC sent to a new, unidentified address and roughly 185.5 BTC returned to a Mt. Gox hot wallet.
- A later hop sent the 185 BTC portion to a wallet labeled as belonging to Kraken, while the larger tranche has not been tied to any exchange deposit address.
- The transfer coincided with Bitcoin trading near seven-month lows around $90,000, though observers said the flows resembled routine wallet reorganization rather than a mass sell-off.
- Mt. Gox’s court-supervised creditor repayments remain on a timetable extended to Oct. 31, 2026, and the estate still holds about 34,689 BTC worth roughly $3.1 billion.
- This was the first major wallet activity since March, repayments have been ongoing since July 2024, and Kraken declined to comment on the labeled receipt address.