FX168 Financial News Agency (Asia Pacific) reported on Tuesday (May 14), Bitcoin fell below $62,000 in the short term. A screenshot of the API of Mt. Gox, the former largest cryptocurrency exchange, was exposed on the US social platform Reddit, showing that Kraken is preparing for its payment action. Creditors may soon receive more than 140,000 bitcoins, equivalent to more than $8.6 billion in repayments.
MT.Gox was hacked in 2014 and 850,000 bitcoins were stolen. After 10 years, the exchange is accelerating its compensation, and it is expected to pay 14,200 bitcoins and 14,300 BCH tokens to creditors before October this year.
Looking back to the end of April, many creditors tweeted on Reddit that they had received cash repayments and showed that Bitcoin repayments would be received.
On Monday, in r/mtgoxinsolvency, a Reddit user dedicated to discussing Mt. Gox bankruptcy, BirdObjective2459 received the following API response, from which he speculated that Kraken-supported Bitcoin repayments may begin soon.
Creation date: May 13, 2024
Remittance Service Provider: Kraken
Remittance status: Preparing
Repayment currency: Bitcoin
BCH distribution:
Creation date: May 13, 2024
Remittance Service Provider: Kraken
Remittance status: Preparing
Repayment currency: BCH
If the API response is true, it indicates that Kraken is preparing for payment and creditors may soon receive distributions of Bitcoin and BCH tokens.
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