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Most of the $BTC 30,371 BTC was sent to wallet “1FG2C…Rveoy while 2,000 BTC initially landed in Mt. Gox’s cold wallet before being moved to an unmarked address. Last week, the exchange transferred 500 BTC to two unknown wallets.

The reason for these transfers remains unclear. However, past movements have often preceded repayments through centralized exchanges such as Bitstamp and Kraken. Some analysts believe this could be an early step toward reimbursing creditors, while others suggest Mt. Gox may be testing wallets before larger distributions.

The recent transfers come after the exchange postponed its creditor repayment deadline from October 31, 2024, to October 31, 2025. Originally, Mt. Gox planned to distribute 141,686 BTC among creditors, but delays have caused frustration. The trustee previously cited operational and security concerns for the postponement.