Mt. Gox Initiates Long-Awaited Bitcoin Repayment Process; Market Reacts with Significant Decline

The defunct cryptocurrency exchange Mt. Gox has officially begun repaying some creditors in Bitcoin (BTC) and Bitcoin Cash (BCH) as of July 5, 2024. This marks the start of a long-awaited process following the exchange’s collapse in 2014. The initial repayments are being conducted through specified cryptocurrency exchanges, in line with the Rehabilitation Plan. Mt.

Source: CoinOtag