BRAKING NEWS ALERT ‼️🚨‼️🚨‼️🚨🚨⚠️

MtGox has successfully repaid over 13,000 creditors, leaving Bitcoin's price steady while Bitcoin Cash (BCH) surprisingly surged, defying expectations of a market crash. This highlights the unpredictable nature of the crypto market, where opportunities abound even in uncertainty.

On July 16, 2024, MtGox's custodian, lawyer Nobuaki Kobayashi, announced the repayment of Bitcoin (BTC) and Bitcoin Cash (BCH) to creditors through designated cryptocurrency exchanges. This follows a similar repayment on July 5, 2024. So far, more than 13,000 creditors have received their repayments. The process for remaining creditors is underway, pending the verification of account validity, exchange agreement acceptance, completion of discussions with exchanges, and safety confirmation.

Earlier reports indicated that Kraken has received creditor funds from the MtGox custodian. It is anticipated that these funds will be credited to creditors' accounts within 7-14 days. This ongoing repayment process reflects MtGox's commitment to settling its obligations and highlights the dynamic and ever-evolving nature of the cryptocurrency landscape.

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