Bitcoin Market Faces Turmoil As Mt. Gox Begins $9 Billion Bitcoin Repayments

On June 24, the Mt. Gox rehabilitation trustee announced that repayments to creditors will begin in July 2024. The trustee has laid out plans for repayments in Bitcoin (BTC) and Bitcoin Cash (BCH) as outlined in their Rehabilitation Plan. Preparations for these repayments involved rigorous technical and regulatory compliance, including coordination with various cryptocurrency exchanges.

Source: CoinOtag