🚀 Big News for BTC Enthusiasts! 🚀

Kraken has just announced a major milestone in the Mt. Gox saga! On July 16th, Kraken received a whopping 48,641 BTC from the Mt. Gox Rehabilitation Trustees, marking a significant step towards compensating those affected by the infamous exchange collapse a decade ago.

📈 Over the next 7-14 days, Kraken will begin distributing Bitcoin (BTC) and Bitcoin Cash (BCH) to the impacted users. This move follows the quick actions of Japanese exchanges Bitbank and SBI VC Trade, who have already distributed their allocated funds.

🔍 Blockchain intelligence firm Arkham Intelligence identified the Kraken-associated address that received this massive transfer, valued at around $3.1 billion. The Mt. Gox trustee still holds another 43,114 BTC, worth approximately $2.74 billion, awaiting further distribution.

Stay tuned for more updates as Kraken works to ensure safe and secure repayments! 🌟