Market reassurance? In-depth analysis of the impact of Mt. Gox's repayment
The Mt. Gox repayment event is not only an affirmation of the creditors' long-term struggle, but also an important sign of the gradual maturity of the Bitcoin industry.
![image JinseFinance](https://image.coinlive.com/24x24/cryptotwits-static/9e021fa1f8e48e84c05a9c950c3e45dd.png)
The Mt. Gox repayment event is not only an affirmation of the creditors' long-term struggle, but also an important sign of the gradual maturity of the Bitcoin industry.
Mt. Gox transfers $2.8 billion in Bitcoin; market reacts with minor dip and rebound amid ongoing volatility.
On July 22, the Mt.Gox wallet address changed again.
Kraken confirmed receiving Mt. Gox’s BTC and BCH funds for creditors, expecting payouts in 7-14 days. Mt. Gox transferred $5.8 billion in Bitcoin to undisclosed addresses, affecting market dynamics with Bitcoin’s price briefly dropping to $63,500.
Mt Gox starts moving Bitcoin, signalling potential repayments to creditors.
Mt. Gox cold wallets have just transferred more than 47,000 BTC to an unknown wallet address and plan to start paying back creditors.
Mt. Gox is set to repay nearly $9 billion starting in July, which may not depress the price of bitcoin, but could spell trouble for bitcoin cash.
Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.
To mark the 10th anniversary of the collapse of Bitcoin exchange MtGox, Mark Hunter, author of The Ultimate Catastrophe: How MtGox Lost $5 Billion and Nearly Killed Bitcoin, addresses questions that remain unanswered a decade later.