Mt. Gox Creditors to Receive Bitcoin: Kraken Will Start Distribution This Month
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Kraken, a major crypto exchange, will begin distributing Bitcoin (BTC) and Bitcoin Cash (BCH) to users affected by the Mt. Gox collapse within the next seven to 14 days. This marks a crucial resolution point for creditors following the 2014 bankruptcy of Mt. Gox, which lost 850,000 BTC in a security breach. The distribution aims to swiftly compensate users, with the amount being determined by the Mt. Gox Trustee. Recent movements include 91,755 BTC, valued at $5.8 billion, transferred to new addresses. Despite market fluctuations, Bitcoin remains up 1.4% in the past 24 hours.
Source: beincrypto.com ↗
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