🚀Mt. Gox, the crypto exchange that pulled a Houdini with 850,000 BTC in 2014, is finally making amends. Starting July 2024, repayments in BTC and BCH will begin, as per a note issued by the exchange. Patience is requested, as the order of payments depends on the respective crypto exchange.
💰Approximately $9.4 billion worth of Bitcoin is owed to about 127,000 creditors. These folks have been waiting over a decade to recover their funds following the exchange's collapse due to multiple unnoticed hacks.
🔁The repayment process includes the $9.6 billion Bitcoin transfer in May, marking the first on-chain movement of funds from the collapsed exchange in over five years.
🔮Despite the announcement, the repayment deadline could face further delays, as it was initially set for October 31, 2023.
🎉Here's to hoping that the crypto ghost of Christmas past finally makes good on its debts. What are your thoughts? Let's chat in the comments! #DeFi #Web3 #CryptoNews