"Mt Gox moves BTC" Jun 02, 2026
Tuesday, 2 June 2026 · 2 min read · Listen to the episode ↗
On June 2nd 2026, Mt. Gox moved approximately $739 million worth of Bitcoin in its first on-chain transfer since late March, with the coins remaining unspent and their connection to creditor repayments unclear, as the trustee still holds 34,504 BTC worth roughly $2.4 billion ahead of an October 2026 repayment deadline.
Mt. Gox moved approximately $739 million worth of Bitcoin on June 2nd 2026, its first on-chain movement since late March, according to Arkham data. The transferred coins remain unspent and it is unclear whether the transfer is connected to upcoming creditor repayments. The trustee still holds 34,504 BTC worth roughly $2.4 billion. Repayments to creditors began in July 2024 through Kraken and Bitstamp, and the repayment deadline has been extended three times from the original October 31 2023 date, now sitting at October 2026.
A Polymarket dispute is unfolding around a market asking whether Strategy sold any Bitcoin by May 31. The market resolved to no twice, but Strategy disclosed in a June 1st 8-K filing that it sold 32 BTC for approximately $2.5 million between May 26th and May 31st, marking its first Bitcoin sale since December 2022. One trader claims he lost $500,000 after betting heavily on Yes while the market was still open on June 1st. Polymarket added a note after resolution stating that confirmation arriving outside the market window does not qualify, a condition some traders argue was not part of the original rules. The dispute is in final review with the possibility of escalating to a vote by UMA token holders.
Robinhood closed its $180 million acquisition of Toronto-based Wunderfi, a deal first announced in May 2025. The acquisition gives Robinhood entry into Canada's regulated crypto market through Bitbuy and Coinsquare and adds roughly 300,000 Canadian customers. Robinhood's total funded customers outside the United States now exceeds one million.
Radiant Capital is winding down after failing to recover from a roughly $50 million exploit in October 2024 or raise fresh capital. In that attack, an attacker used a backdoor contract to drain approximately $51 million across Arbitrum and BNB Chain. A separate flash loan attack earlier in 2024 had drained about 1,900 ETH worth $4.5 million at the time. Radiant will enter a maintenance state keeping its front end and smart contracts live so users can withdraw, repay, and manage existing positions.
As of 8am Eastern on June 2nd 2026, Bitcoin was trading at $69,378 and Ethereum at $1,976.
This summary was generated from the episode transcript and can contain mistakes.