Introduction: The cryptocurrency market has been experiencing a rollercoaster ride in recent months, with the price of Bitcoin dropping significantly. However, the news of Mt.Gox repayments has caused a stir in the community, leaving many wondering what impact it will have on the already struggling Bitcoin. Let's take a closer look at the situation and explore the potential consequences for the king crypto. What is Mt.Gox repayment: Mt.Gox was once the largest Bitcoin exchange in the world, handling over 70% of all Bitcoin transactions. However, in 2014, it filed for bankruptcy after losing 850,000 Bitcoins in a hacking attack. This loss equated to around 7% of all Bitcoins in circulation at the time. Since then, the trustee in charge of the bankruptcy has been working on selling the remaining Bitcoins and compensating the victims of the hack. The impact on Bitcoin: The trustee has recently announced that they have completed the sale of over 35,000 Bitcoins, amounting to ...
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