EMERGENCY UPDATE 🚨
🚨 Mt. Gox Starts Refunds in July 🚨
*BTC drops below $61,000*
Mt. Gox, once the top crypto exchange, lost about 740,000 bitcoins in a massive 2014 hack. Today, the platform announced that it will finally start paying back over 140,000 bitcoins!!
Trustee Nobuaki Kobayashi said they're ready to make payments in Bitcoin and Bitcoin Cash. Refunds will begin in early July 2024, with some security checks before payments.
These refunds might put selling pressure on BTC, as early investors could sell their higher-valued assets.
Be careful in trading! ⚠️
