đđ Mt. Gox is set to start repaying creditors in BTC and BCH from July 2024! After a long wait and careful prep, repayments are finally on the horizon.
âą Mt. Gox, once a top crypto exchange, went bust after a massive hack in 2014.
âą Now, they're ready to start paying back, with repayments made via trading platforms.
âą Some creditors even opted for a lump sum payout in BTC rather than fiat.
But hold on, there's a twist! đ Some are worried this could put selling pressure on Bitcoin markets.
âą Large BTC movements linked to Mt. Gox were spotted in May.
âą Bitcoin miners have also been offloading BTC, adding to the pressure.
Despite the concerns, let's stay positive! đ What do you think this will mean for the market? Share your thoughts below! #MtGox #Bitcoin #CryptoNews