Mt. Gox Moves Billions of Dollars Worth of Bitcoin, Begins Repayments to Customers Hit by Hack

Mt. Gox, a defunct cryptocurrency exchange, has transferred billions of dollars worth of bitcoin between wallets and sent $130 million to Bitstamp as part of its repayments to customers affected by a hack 10 years ago. The exchange has already started making payments this month but still has over $6 billion of BTC to distribute. On Wednesday, Mt. Gox moved a new batch of bitcoin to new wallets, which may affect the price rally as sentiment remains low.