Mt. Gox Prepares for Major Bitcoin Payout

January 24th, 2024
Mt. Gox, once the largest crypto exchange, is nearing the release of approximately 200,000 BTC to creditors. This follows a recent initiation of PayPal repayments in December 2023. The exchange, notorious for losing 850,000 BTC in 2014, is contacting creditors for identity verification. The looming release raises concerns about potential market impacts, given the volume is similar to MicroStrategy's BTC holdings. Mt. Gox also holds a significant amount of Bitcoin Cash (BCH), adding to market speculation.
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