Bankrupt crypto exchange moves millions in Bitcoin after months

Core Insights - The bankrupt crypto exchange Mt. Gox has initiated the transfer of millions of dollars in Bitcoin for the first time in eight months, indicating ongoing preparations for creditor repayments [1][2] Group 1: Recent Activity - Mt. Gox transferred 185 BTC, valued at approximately $16.8 million, to a Kraken wallet following a small test transaction [2] - The transfer is part of a larger reshuffling of Mt. Gox's holdings, with another wallet associated with the estate receiving change output totaling around $936 million in BTC shortly after the movement to Kraken [2] - The last significant activity from Mt. Gox occurred eight months ago, involving a transfer of $77.4 million in Bitcoin to the same exchange [3] Group 2: Background Information - Mt. Gox was once a leading Bitcoin exchange, processing over 70% of all BTC trades at its peak in early 2014, before declaring bankruptcy [4] - The exchange halted trading and sought bankruptcy protection in Japan in February 2014, later filing for Chapter 15 bankruptcy in the U.S. to protect its U.S.-based assets [5] - By April 2014, the company entered liquidation, recovering roughly 200,000 BTC, although the reasons for the initial shortfall remained uncertain, with theories ranging from theft to internal failures [6]