Mt. Gox Bitcoin Distribution: Creditors Opt for Long-Term Holding
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Mt. Gox creditors are finally receiving some of the bitcoin recovered from the infamous exchange hack after over ten years of legal proceedings. Out of the total 142,000 BTC recovered, 59,000 BTC have been distributed so far via Kraken and Bitstamp exchanges.
This event marks a historic moment for the Bitcoin community and the creditors involved.
The creditors have shown an inclination towards holding the distributed BTC for the long term, hoping for future price appreciations.
The distribution has provided a sense of closure for some creditors who had been waiting for years to recover their assets.
Source: coinedition.com ↗
