Mt. Gox Creditors Begin Receiving Crypto Repayments After Decade-Long Wait
Bitcoin, Bitcoin Cash, and Ethereum distributions are underway, with early signs suggesting minimal market disruption.
- Over $9 billion worth of BTC, BCH, and ETH are being repaid to around 20,658 Mt. Gox customers.
- Initial repayments have started through exchanges like Kraken and Bitstamp, with other platforms to follow.
- Despite concerns, Bitcoin and Bitcoin Cash prices have remained relatively stable.
- Many recipients are moving their assets to cold storage, indicating a preference for holding rather than selling.
- Mt. Gox still holds approximately $5.77 billion in Bitcoin, with future distributions planned.