Mt. Gox Repayment: Hope for Stability in the Bitcoin Market

in hive-196917 •  9 days ago 

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The Mt. Gox repayment process may create less selling pressure than initially thought. 📉 Founded in 2010 and hacked in 2014, Mt. Gox was the largest crypto exchange, losing 850,000 Bitcoin. 20% of the stolen funds were recovered. Now, post-bankruptcy, it plans to distribute 142,000 Bitcoin ($9.6 billion) and 143,000 Bitcoin Cash ($66 million).

This repayment could stabilize the Bitcoin market.

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