As a seasoned crypto investor with a fair share of experiences under my belt, I can’t help but feel a mix of emotions upon hearing the news that Kraken is distributing Bitcoin and Bitcoin Cash to Mt. Gox creditors.
Just as Bitcoin (BTC) and the broader crypto market were showing signs of bouncing back, Kraken – a prominent cryptocurrency exchange – has allegedly initiated the process of dispersing Bitcoin (BTC) and Bitcoin Cash (BCH) to Mt. Gox creditors, introducing a new hurdle on their path to recovery.
As a researcher, I’ve come across various reports from crypto community members stating that they have received their cryptocurrencies in their Kraken exchange accounts. Although this information hasn’t been officially confirmed through the exchange itself, it brings relief to early Bitcoin investors who have been eagerly anticipating the return of their funds from what was once the largest Bitcoin exchange globally.
The insolvent cryptocurrency exchange is making strides toward reimbursing approximately 9 billion dollars in Bitcoin to its indebted parties. Notably, Kraken is poised to remit over 3 billion dollars in Bitcoin from this amount.
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2024-07-23 20:55