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<ul class="news-points">
 <li>Mt. Gox has completed 70% of the creditor repayments.&nbsp;</li>
 <li>The remaining creditors have been asked to “wait for a while.”</li>
 <li>Bitcoin crashed 3% in the last 24 hours and is trading at $64,000.</li>
</ul>
Bankrupt cryptocurrency exchange Mt. Gox has distributed digital assets to 17,000 “rehabilitation creditors” as of July 31st, marking another step in its long-awaited repayment process.
The distribution follows previous payments made on July 5, July 16, and July 24. However, with the repayments almost close to completion, the price of Bitcoin (BTC), crashed significantly.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc8EWw1qLDki85BSfPciO-7f4bJTdFs9lc8bg6YsOeW_s95-lxjZP5tsyVblrHM31GJGEIbjVSV4QQeZbnVObvbYc5jP1RLlg1rlDon6Ae2B23Lrsfe8ymbVHT-Jqff2FWnKfEharLPtTUyaxkdKK9Dd95b?key=5UTvTp0E9lLM4L0JFc8GZQ" alt="">
</figure>
Arkham Intelligence <a href="https://platform.arkhamintelligence.com/explorer/entity/mt-gox" target="_blank" rel="noopener noreferrer nofollow">data reveals</a> that Mt. Gox’s wallet currently holds $2 billion worth of Bitcoin, roughly 32,899 BTC. The defunct exchange has confirmed that these remaining tokens will be distributed to creditors at a later date, asking those who have not yet received their share to “wait for a while.”
The distribution of the remaining $2 billion in Bitcoin is contingent upon the validation of outstanding registered accounts and the conclusion of discussions between the Mt. Gox Trustee and partner crypto exchanges facilitating the repayments. Furthermore, the defunct platform will only initiat…
The post <a href="https://coinedition.com/mt-gox-in-the-final-stages-of-repayment-70-of-creditors-receive-funds/" rel="noopener noreferrer nofollow">Mt. Gox in the Final Stages of Repayment: 70% of Creditors Receive Funds</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Mt. Gox in the Final Stages of Repayment: 70% of Creditors Receive Funds

Coin Edition

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