- Bitcoin exchange Mt. Gox’s former CEO explained the reason for the billion-dollar transaction conducted earlier today.
- Mt. Gox’s ex-CEO Mark Karpelés stated, “The trustee is transferring coins to another wallet to prepare for the distribution likely to take place this year, Bitcoin is not being sold at the moment.”
- Mt. Gox sent over 140,000 Bitcoins worth approximately $9 billion to a newly opened wallet in the early hours today.
An in-depth article discussing Mt. Gox’s recent transaction, its implications, and the ongoing developments surrounding the distribution of lost coins.
Transitioning Towards Distribution
Following the hack attack resulting in the theft of hundreds of thousands of BTC, Mt. Gox, once the largest Bitcoin exchange, shut down. Users have been awaiting repayment since the incident.
The Road to Repayment
The trustee of Mt. Gox announced that the reimbursement process for lost coins will commence by October 2024.
Conclusion
In light of the recent transaction and ongoing developments, Mt. Gox users can anticipate the gradual repayment of their lost coins in the coming years.
