Mt. Gox, the defunct crypto exchange, has transferred 32,371 Bitcoin, valued at $2.19 billion, to an undisclosed address.
The movement was tracked by Arkham Intelligence, which revealed that the funds were transferred to two different wallets.
Mt. Gox still holds around 44,378 BTC, worth approximately $3 billion, and the recent movement is believed to be related to the planned settlement and repayment to creditors.
Mt. Gox faced bankruptcy due to hacking incidents between 2011 and 2014 and is currently in the process of repaying its creditors and former customers.