Mt.Gox will start distributing $BTC and $BCH from July 2024.
💲 The trustee handling the 2014 bankruptcy of Mt.Gox has announced plans to begin compensating creditors with Bitcoin, #BitcoinCash , and cash starting in early July.
👀 This decision follows the completion of preparatory processes, including technical support assurance, adherence to regulatory requirements in each jurisdiction, and coordination of transfers with various cryptocurrency #exchanges .
💰 Payments will commence in sequence to platforms that have verified necessary information. The total payout is anticipated to exceed $9 billion.
The market reacted nervously to the news, with #Bitcoin❗ experiencing heightened trading volumes and briefly dropping below $61,000 before stabilizing around $61,200. 📉
