Mt Gox transfers 47,000 BTC ahead of $9 Billion payout to creditors

#MtGox , the cryptocurrency exchange, transferred over 47,000 $BTC to a new wallet ahead of distributing $9 billion to creditors. The move comes amid fluctuations in bitcoin's value, currently trading around $56,994 after recent declines. Mt Gox, once the largest exchange until a 2014 breach, plans to repay creditors with funds including bitcoin and fiat currency.