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.
JinseFinanceKraken’s handling of Bitcoin payouts for Mt. Gox creditors has led to significant dissatisfaction due to verification issues. While the exchange insists that these issues are due to account standards, the slow response from customer support has compounded user frustration.
Xu LinOn July 22, the Mt.Gox wallet address changed again.
JinseFinanceKraken 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.
ZeZhengMt Gox starts moving Bitcoin, signalling potential repayments to creditors.
Huang BoMt. 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.
JinseFinanceMt.Gox’s repayment plan could ripple through the BTC market, raising some worrisome questions.
JinseFinanceOn May 28, Mt.Gox's continuous large-value BTC transfers caused a certain amount of market panic.
JinseFinanceThe defunct cryptocurrency exchange will distribute 142,000 BTC and 143,000 BCH to creditors later this year, 10 years after it collapsed in a hack.
JinseFinanceTo 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.
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