Bitcoin $BTC facing sharp decline due to factors like Mt.Gox | CoinsProbe on Binance Square

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Bitcoin $BTC facing sharp decline due to factors like Mt.Gox #bitcoin☀️ distribution and Government wallets transactions which brings #BTC☀ to current price level of $59K.
now we can see a possible pullback from here or in terms of downturn $56,700 is waiting for bears.

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Everyone is talking about Mt. Gox, but very few know the story. Here are the details👇 - In 2010, Mt. Gox was the largest Bitcoin exchange, handling over 70% of all Bitcoin transactions. - In 2014, Mt. Gox suspended trading, closed its website, filed for bankruptcy protection, and began liquidation proceedings. - Hundreds of thousands of bitcoins, worth hundreds of millions in USD at the time, were lost or stolen. - The reasons for the disappearance of the bitcoins were unclear but were believed to be due to theft, fraud, or mismanagement. - In 2015, new evidence suggested that the bitcoins were stolen from Mt. Gox's hot wallet over time, starting in late 2011. - 200,000 bitcoins were later recovered in an old digital wallet used prior to June 2011. - Mt. Gox's CEO, Mark Karpelès, was arrested in 2015 and charged with fraud and embezzlement. - By 2021, an agreement was reached to offer up to 90% of the remaining Bitcoin tied up in bankruptcy proceedings to creditors. - As of 2022, a Japanese trustee of Mt. Gox held nearly 142,000 Bitcoins. - The deadline for payments to creditors was initially set for October 31, 2023, but was later pushed back to October 31, 2024. #MtGoxJulyRepayments #CryptoCrash #Bitcoin #Binance #Altcoins @Binance @CoinsProbe

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