Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash
Powered by @unfolded- Mt. Gox has begun repaying customers who lost their cryptocurrencies in a hack in 2014, marking the end of a nearly 10-year wait for some users.
- The defunct exchange was once the world's largest crypto exchange, handling over 70% of all bitcoin transactions in its early years.
- The news of the repayments has put selling pressure on bitcoin and the wider crypto market.
- Mt. Gox announced last month its intention to start repayments, leading to the recent developments.
https://www.coindesk.com/business/2024/07/05/mt-gox-begins-repayments-in-bitcoin-and-bitcoin-cash/