On November 1, 2024, Mt. Gox transferred 500 Bitcoin, valued at over $35 million, to cold storage as part of its ongoing efforts to process repayments to former clients following a decade-old hack. The exchange, which collapsed after an attack in 2014 resulted in the loss of 850,000 Bitcoins, is currently in the process of distributing recovered assets to claimants. This move comes amidst extended deadlines for repayments, now pushed to October 2025, which provides additional time for handling the refunds for affected traders. The Bitcoin transfer has raised concerns among traders over potential market impacts, as similar past transfers led to fears of sell-offs. Currently, Bitcoin trades at approximately $69,408, having experienced a slight decline recently. Mt. Gox aims to return nearly 140,000 Bitcoins to its customers under a rehabilitation plan initiated in 2021, further extending the long-awaited resolution for former users.

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