Years Of Waiting, Creditor Mt. Gox Finally Receives Bitcoin And Bitcoin Cash Compensation

A user of the crypto exchange Mt. Gox lost his funds. (Photo; Doc. Kryptomoney)

JAKARTA - After nearly a decade of waiting, the bankrupt crypto exchange creditors, Mt. Gox, finally began accepting payments in the form of Bitcoin (BTC) and Bitcoin Cash (BCH). This announcement was made by Kraken CEO Dave airing, on Tuesday that his stock exchange managed to distribute BTC and BCH from Mt. Gox's assets.

It has been almost a decade since Kraken was chosen by Trustee to facilitate the investigation and return of client funds. This is our honor and obligation. Even though the reckless lawsuit had hampered payments earlier, we are very grateful to Trustee for keeping coins safe and holding most of the BTC so far. The preservation of this value is extraordinary and is certainly appreciated by all creditors," said Right.

Mt. Gox used to control more than 70% of Bitcoin's trading volume, but went bankrupt in 2014 after the platform was hacked. However, the exchange managed to recover most of its coins and has gone through a long bankruptcy process to pay back its former customers. This process has created uncertainty in the crypto market due to potential selling pressure that may occur.

At the time of writing, BTC is trading at a price of 66,363 US dollars (Rp1,061,808,000), with a decrease of less than 1% in the last 24 hours. Meanwhile, BCH is trading at a price of 367.97 US dollars (Rp 5,887,520) and is down more than 2.5% in the last 24 hours.