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International Business Times
International Business Times
Business
Marvie Basilan

Defunct Bitcoin Exchange MtGox Moves $10B Ahead Of Customer Repayment

MtGox Bitcoin Mt Gox Crypto Jameson Lopp
MtGox, which was exploited multiple times for hundreds of thousands of Bitcoins, is expected to repay customers affected by the exchange's collapse in 2014 by October. (Credit: Richard Patterson/flickr)

KEY POINTS

  • MtGox's ex-CEO said the trustee was moving coins ahead of the 'distribution' that may happen this year
  • The exchange filed for bankruptcy back in 2014 after hundreds of thousands of BTC were either lost or stolen
  • MtGox used to handle 70% of the world's total Bitcoin transactions before it collapsed

Fallen Bitcoin exchange MtGox has moved over some $10 billion worth of Bitcoin as its deadline for repaying users of the defunct exchange nears, on-chain data shows.

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