Crypto exchange Mt. Gox, which ceased operations, has announced plans to begin distributing $9 billion in Bitcoin ($BTC) and Bitcoin Cash ($BCH) repayments from July 2024. This news has had a significant impact on the market, with Bitcoin experiencing a drop of over 5% following the announcement. The leading cryptocurrency is currently trading at $61,043. This development underscores the ongoing influence of exchange platforms on the broader crypto market, even those no longer in operation. It also highlights the importance of regulatory oversight in the sector to ensure investor protection.