US Govt and Mt. Gox Move Millions Behind the Scenes

While small in dollar terms, the move signals that authorities are still actively managing high-profile crypto seizures.

Such transfers can precede auctions, compliance actions, or other administrative steps, with minor movements, just like major ones, capable of influencing market sentiment for linked tokens.

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Data on CoinGecko shows the WINkLink token on Tron was trading for $0.0000332 as of this writing, down by 0.4% in the last 24 hours.   

Mt. Gox Transfers $16.8 Million in Bitcoin

More attention is focused on Mt. Gox, which transferred 185 BTC, valued at approximately $16.8 million, to the Kraken exchange following a test transaction. An additional $936 million in Bitcoin was shifted to another Mt. Gox wallet, according to Arkham.

This follows the exchange’s last major transfer, eight months ago, when $77.4 million in Bitcoin was sent to Kraken for creditor distributions.

On October 27, Mt. Gox announced that Bitcoin repayments will now occur by October 31, 2026. This locks 34,689 BTC, approximately $4 billion, and temporarily removes a significant source of potential selling pressure.

“It has become desirable to make the repayments to such rehabilitation creditors to the extent reasonably practicable,” rehabilitation trustee Nobuaki Kobayashi stated in the letter, citing court approval for the one-year extension.

Analysts say the delay calms Mt. Gox FUD and provides near-term market clarity. By pushing the next major liquidity event out by a year, investors gain stability and confidence amid delayed selling pressure.