CandleFocus 2.8 Billion Dollar Mt. There is a New Development About Gox Bitcoins: Analysts Say It Could Relieve the Market
2024-10-11
Author: Content Editor
The trustee overseeing the Mt. Gox bankruptcy has extended the deadline for Bitcoin creditors to be repaid by one year, now set for October 2025. Mt. Gox, once the world's largest crypto exchange, collapsed in 2014 following a hack, and the repayment process for creditors has been ongoing since then. Despite initial repayments, a significant amount of Bitcoin, worth $2.8 billion, remains in wallets linked to Mt. Gox. The extension of the repayment period relieved concerns about a potential oversupply of Bitcoin flooding the market and causing a drop in prices.
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