Mt. Gox Readies Final Compensation Disbursement

April 23rd, 2024
Mt. Gox approaches its final compensation phase, set to distribute 142,000 BTC, 143,000 BCH, and ¥69 billion ($510 million) by October 2024. The once-leading exchange, which faced a significant hack in 2014, has started updating creditor accounts with repayment statuses. Amidst varying reactions from creditors, the possibility of an early repayment conclusion looms, potentially impacting Bitcoin's market dynamics due to anticipated selling pressures.
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