The Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has confirmed that it has not sold its substantial Bitcoin holdings despite transferring over 140,000 BTC (approximately $10 billion) recently.

In a statement on May 28, the trustee clarified that the transfers were part of ongoing preparations to repay creditors. The bankruptcy proceedings will involve compensating creditors with fiat currency, Bitcoin, and Bitcoin Cash. While fiat currency repayments have already commenced, digital asset payments to creditors are pending.

The trustee emphasized:

"The Rehabilitation Trustee is currently securely managing bitcoin and bitcoin cash. As preparations for these repayments continue, creditors are advised to await further updates."

Former Mt. Gox CEO Mark Karpeles explained that the transactions were part of the distribution process and not an immediate sale of bitcoins.

Earlier, the crypto community noted multiple transactions from wallets associated with Mt. Gox. Arkham Intelligence reported that 72 Mt. Gox-linked wallets transferred 141,686 BTC in batches to a new wallet, which subsequently sent significant amounts to other addresses.

In addition, Mt. Gox-related addresses moved 142,846.22 BCH to a newly identified address, currently holding approximately 142,824.27 BCH, valued at about $67.9 million, sparking speculation about imminent repayments to creditors.