Can Repayment to Mt. Gox Creditors Lead to Another Bitcoin (BTC) Crash?
On Wednesday, July 6, Mt. Gox Trustee announced that they would be repaying the creditors of the defunct cryptocurrency exchange. Toky-based Mt. Gox, once the biggest crypto exchange, suspended all trading and went offline back in February 2014. It lost a total of 850,000 Bitcoin valued at $500 million. Eight years later, some of these Bitcoins have been recovered. The Trustee currently has access to 141,686 Bitcoins, some cash, and other Bitcoin Cash coins. The value of these accessible Bitcoins...