Mt. Gox Creditors to Start Receiving Worth Billions of USD in BTC, BCH This Yearu.today/mt-gox-creditors-to-start-receiving-payouts-worth-billions-of-usd-in-btc-bch-this-year
169 sats \ 4 comments \ @0xbitcoiner 22 Nov 2023 bitcoin
Colin Wu's tweet says that several creditors of bankrupt exchange Mt. Gox received an email from the bankruptcy rehabilitation trustee of the once popular exchange. The letter stated that creditors who lost their funds during the hack that occurred in 2014 will begin to gradually receive their funds back this year.
These payouts will also extend into 2024. Payouts of 142,000 Bitcoin (equal to $5,179,222,800), 143,000 Bitcoin Cash (worth $31,507,190), 69 billion yen, among other payouts, will be distributed among Mt. Gox creditors.
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0 sats \ 1 reply \ @okpj 22 Nov 2023
Says the payments will be made in cash? I thought I had read people could choose cash or bitcoin. I’ll keep some dry powder just in case :)
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21 sats \ 0 replies \ @0xbitcoiner OP 22 Nov 2023
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0 sats \ 1 reply \ @m00ninite 22 Nov 2023
RIP bull market
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0 sats \ 0 replies \ @0xbitcoiner OP 22 Nov 2023
No one can be sure of anything, but I wouldn't underestimate the strength of a bull market, especially when we're so close to the halving and ETF approvals. If it broke below 31k, I would consider this still-mini bull market to be dead.
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