The Mt. Gox Trustee transferred $2.25 billion in Bitcoin to BitGo as part of a $9 billion repayment plan for creditors. This follows earlier transfers of about $3 billion to Kraken and $335.8 million to Bitstamp.
Despite initial confusion over the destination of the funds, confirmations from Akhram intelligence and user reports clarified the move to BitGo. The Bitcoin price briefly dipped below $66,000 but quickly recovered to over $66,500.
Mt. Gox held 46,160 BTC worth over $3 billion before these transfers. If the remaining $3 billion is disbursed, it will mark a significant milestone in settling over $5.5 billion in BTC repayments.
