🚨🔻 Important update on Mt. Gox and Bitcoin! 🔻🚨
After more than 10 years of waiting, Mt. Gox will begin compensating victims in early July. It is estimated that around 141,000 bitcoins (BTC) and an unspecified amount of funds in Bitcoin Cash (BCH) will be distributed. This announcement has generated strong downward pressure on the cryptocurrency market.
📉 Bitcoin price falls to $58,400 📉
The Japanese exchange, which filed for bankruptcy after a hack in 2014, will finally begin distributing the funds raised. The process will begin the first week of July, as confirmed by Nobuaki Kobayashi, the trustee in charge of the case.
- 141,000 BTC and an unspecified amount of BCH will be distributed.
- This event has caused a significant drop in the price of Bitcoin, which is currently trading near $58,400 per unit.
- Major altcoins have also seen drops of 4% to 9% in the last 24 hours.
Mt. Gox, founded in 2010, grew to be the world's largest exchange, handling 70% of all global Bitcoin transactions before closing in 2014. The platform lost more than 800,000 bitcoins in a massive hack, leaving thousands of users without access to their funds.
