In October 2023 Bitcoin from The collapsed MT Gox Exchange will be distributed to users and investors who lost their funds in the Collapse back in 2014
The 141,686 Bitcoin - valued at over $3 billion today - were recovered In recent years and users have had to wait almost a decade to access their funds. At The time of Mt Gox’s collapse the bitcoin price was just $37.
Many fear the large supply distribution will cause a sell off. The largest portion of these Bitcoin will go the Mt Gox Investment Fund who have stated they have no plans to sell any time soon
When Mt Gox Collapsed, 850,000 btc were missing. That was $42m at the time. Compare this to the $9 billion missing in the collapse of FTX, and its a drop in the ocean
Mt. Gox Bitcoin Release Is Happening
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