The first significant transaction from the defunct cryptocurrency exchange, Mt. Gox, since the end of July, included moving almost 12,000 Bitcoin valued at $709.4 million to an unidentified wallet address. The action could be a sign that Mt. Gox is getting ready to give out more Bitcoin to its creditors, who have been holding out for their money since the exchange was hacked and eventually crashed in 2014. But according to Galaxy's head of research Alex Thorn, only a tiny portion of the $74.5 million that was relocated is likely to be dispersed; the remainder is likely to be placed in "fresh cold storage" that is still controlled by the estate. Mt. Gox still possesses a substantial quantity of Bitcoin as of the time of publication: 46,164 BTC, or around $2.7 billion. Deputy CEO of Bitpanda Lukas Enzersdorfer-Konrad