The former largest crypto exchange: began to repay 140,000 Bitcoins
It is remarkable that Bitcoin has fallen in the short term, and the key factor behind this is that Mt. Gox has begun to repay more than 140,000 Bitcoins to its creditors, which is worth about $8.5 billion!
Special attention! According to the Telegram group of Mt. Gox creditors, the creditors of the collapsed cryptocurrency exchange have begun to receive Bitcoin and Bitcoin Cash (BCH), and the repayment operation was carried out on the Kraken crypto exchange.
Just before, on July 23, Mt. Gox amazingly transferred more than 47,500 Bitcoins, worth nearly $3.2 billion, to two mysterious and unknown addresses.
At the same time, shockingly, the US government transferred 58.74 Bitcoins worth nearly $4 million to Coinbase Prime, a move that sparked speculation about its use.
According to Arkham Intelligence, Mt. Gox currently holds about 85,234 bitcoins, worth $5.7 billion.
Mt. Gox creditors have been waiting for more than a decade for repayment, during which time the price of bitcoin has soared more than 10,000%. The market is under heavy downward pressure due to the fear that this new supply of bitcoin will be sold immediately after entering circulation.
