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Inactive crypto exchange, Mt. Gox, has moved around $2.4 billion worth of bitcoin to two wallets, as the cryptocurrency reached new highs. More than 30,000 BTC were transferred to a new wallet and $200m was moved to a Mt. Gox cold wallet. The major bitcoin hack of 2014 cost Mt. Gox over $15 billion. The trustees have now organized a repayment plan set for October 2025.

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An inactive exchange recently shifted over 30,000 BTC to the biggest wallet receiver in the last series of moves. Generally, such transactions depict that an exchange is set to sell tokens in the open market.

The now-folded crypto exchange, Mt. Gox, moved around $2.4 billion worth of bitcoin (BTC) to two wallets recently, according to data by Arkham. These transfers happened while the most popular cryptocurrency kept achieving new highs, surpassing $81,000 during the weekend.

The trustees transferred more than 30,000 BTC from one wallet to a new wallet and shifted $200 million to a Mt. Gox cold wallet. Typically such wallet transfers are about grouping holdings to fresh addresses prior to sending them over to digital currency exchanges. Here, the bitcoin is sold in an open market.

Mt. Gox had dominance over 70% of all bitcoin transactions during its prime years, emerging as the world’s leading crypto exchange. However, early in 2014, hackers attacked it, leading to the loss of an approximate 740,000 bitcoin (current prices value this at over $15 billion). This hack ranked as the most significant among several attacks the exchange faced from 2010-13.

According to the most recent files, the trustees have devised a repayment strategy with a deadline set for October 31, 2025.