Date: Tuesday, July 16, 2024, 11:06 AM GMT
In the cryptocurrency market today, we have an important update regarding Mt. Gox repayments.
Kraken announced that it has successfully received the creditor funds ($BTC and $BCH ) from the Mt. Gox trustee. The platform is working to distribute these funds as soon as possible, with deposits expected to hit the corresponding accounts within 7-14 days. The amount each user will receive has been determined by the trustee, and Kraken will distribute it according to their instructions.
Recently, we witnessed a significant sell-off of bitcoins by Mt. Gox to facilitate these repayments. This move was aimed at ensuring that creditors receive their due amounts after the long wait since the exchange's collapse.
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