Mt. Gox Transfers $3.2 Billion in Bitcoin as Part of $9 Billion Repayment Plan

A wallet linked to the now-defunct crypto exchange Mt. Gox transferred $3.2 billion worth of Bitcoin, including 42,587 Bitcoin valued at $2.8 billion, to an unidentified address and almost $150 million in Bitcoin to Bitstamp's wallet. The transfer is part of a $9 billion repayment plan to creditors, and it could be an ongoing process. Bitstamp and other designated exchanges like Kraken have received their shares and reportedly distributed the funds to creditors shortly after receipt. The recent transfer led to a sudden drop in Bitcoin's price, which fell below $66,500 after hitting a high of $68,200 earlier today.