Mt. Gox's Potential $9 Billion Payout and Its Impact on Bitcoin Prices

Tuesday, 23 April 2024, 16:47

Mt. Gox, the defunct crypto exchange, is set to distribute 142,000 BTC and 143,000 BCH to creditors this year, a decade after its hack-induced collapse. K33 Research cautions that the massive payout might put downward pressure on Bitcoin prices and affect market dynamics.
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Mt. Gox's Potential $9 Billion Payout and Its Impact on Bitcoin Prices

Mt. Gox's Payout: What to Expect

10 years after its collapse, Mt. Gox is preparing to distribute over $9 billion in Bitcoin and Bitcoin Cash to creditors.

K33 Research Warning

Research firm K33 advises caution as the substantial payout could trigger market shifts.

  1. Creditors to receive 142,000 BTC
  2. 143,000 BCH to be distributed

This development could have significant implications for Bitcoin prices and overall market sentiment.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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