Mt. Gox Transfers $2.7 Billion in Bitcoin

The trustee of the defunct Mt. Gox exchange has transferred 47,229 BTC, worth approximately $2.7 billion, to a new wallet. This move is part of the ongoing process to repay creditors, which has raised concerns about a potential market sell-off. The transfer has contributed to increased market volatility, with Bitcoin’s price experiencing significant fluctuations as traders anticipate the impact of these repayments.Read more on Decrypt