Mt. Gox to Begin Repayments in July; BTC Slides Under $61K After years of delays, Mt. Gox, the defunct Bitcoin exchange,
has announced it will begin repaying victims of its 2014 hack in July 2024. Over 140,000 BTC and Bitcoin Cash (BCH) will be distributed, potentially adding selling pressure to the crypto market.
The news caused a slight dip in Bitcoin’
s price. While this marks progress for affected users, it also raises concerns about short-term market volatility. Investors should monitor the situation closely as it unfolds.
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