Matter of consideration

Mt. Gox, a defunct bitcoin exchange, will start repaying bitcoin to victims of the 2014 hack.

- The repayments will be in bitcoin and bitcoin cash and could add selling pressure to both markets.

- The defunct bitcoin exchange is supposed to return over 140,000 bitcoin to victims of the 2014 hack.

- The repayments will be made from the beginning of July 2024.

- The repayments are largely considered to add selling pressure to bitcoin markets as early investors will receive assets at a much higher value than their entries before 2013, making them inclined to sell at least a part of holding.

- In May, the exchange moved over 140,000 BTC, worth around $9 billion, from cold wallets to an unknown address in 13 transactions for the first time, marking the first on-chain wallet movements for the first time in five years.

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