The X account @SaniExp, associated with the creator of the Timechain Index explorer, has revealed that a previously inactive Bitcoin wallet has been reactivated after lying dormant for six years. This wallet was originally created 13 years ago, during an era when Satoshi Nakamoto’s influence was still felt in the cryptocurrency community.
According to the post on X, this wallet is linked to Mt. Gox, a notorious early Bitcoin exchange that experienced a significant hacking incident in the early 2010s. Recently, Mt. Gox began compensating clients who lost their funds due to this breach; however, the deadline for these payouts has now been extended until October 2025.
Reactivation of Mt. Gox’s Wallet Containing 1,000 BTC
The data source mentioned earlier provided a screenshot from Timechain Index explorer indicating numerous confirmed transactions involving a total of 1,000 Bitcoins being moved. At current market rates at the time of this transaction initiation, these Bitcoins are valued at approximately $116 million.
🚨🚨🚨1,000 BTC originating from Mt. Gox 13 years ago and untouched for six years have just been transferred. pic.twitter.com/WtnNAKhNAp
— Sani | TimechainIndex.com (@SaniExp) September 17, 2025
In recent months last year alone saw Mt. Gox begin transferring parts of its substantial reserves as part of its compensation plan for creditors affected by its previous losses. Earlier this year also witnessed several large transactions directed towards partner exchanges aimed at distributing funds back to investors associated with Mt. Gox.
All promised compensations are expected to be completed by October 31st in the year 2025; thus it is likely that this latest transaction serves as preparation for another round of payouts.
Mt.Gox suffered extensive security breaches over several years leading up to its eventual shutdown in February 2014 when it reported losing around **744** thousand Bitcoins due to theft during those incidents.