Mt. Gox begins paying off loans.
BTC is not having the best of times, it reached almost 53,000. Having overcome all the “supports”.
$57,000 was not held, the flight of decline after corrections may go to $52,000.
Why are payments like this to Mt. Do Gox affect the price?
Operating from 2010 to 2014, Mt.Gox was the largest crypto exchange in the world at the time, accounting for more than 70% of all Bitcoin trading volume. However, a series of hacking attacks led to the exchange losing 850 thousand BTC, which would be worth more than $50 billion at today's exchange rate. The bankruptcy resulted in litigation before a plan was developed in 2021 to refund affected users.
On June 24, the managers of the Mt.Gox exchange announced plans to begin paying compensation. By the end of 2024, they intend to distribute 142 thousand bitcoins (about $9 billion at the exchange rate at the end of June), 143 thousand Bitcoin Cash (BCH) coins (about $53 million).
