Mt. Gox Announces Repayment to Creditors in Early July 2024
> Mt. Gox, the defunct cryptocurrency exchange based in Shibuya, Tokyo, Japan, has announced that it will begin repaying creditors in Bitcoin ( $BTC ) and Bitcoin Cash ( $BCH ) in early July 2024.
> Currently, Mt. Gox holds 141,686 BTC, valued at approximately $8.63 billion, across three wallets.
> Following the announcement, the market reacted negatively, with the price of BTC dropping from $62.8K to $60.8K within a few minutes.
> Interesting, how many of those BTC will be sold right after being received / how many are already sold OTC / and how many will remain untouched.
