2M
...
Bitcoin prices recently saw a near 6% dip as Mt. Gox began issuing long-overdue payments to its creditors, marking a crucial moment in resolving one of the most infamous events in cryptocurrency history.
Mt. Gox, once the largest cryptocurrency exchange globally, filed for bankruptcy in 2014 following a series of hacks that led to the loss of around 950,000 Bitcoins. This catastrophic event, attributed to a flaw in Bitcoin’s framework, left many users with incomplete transactions and considerable financial losses. At the time of the bankruptcy, Bitcoin was valued at approximately $600 per coin, starkly contrasting its current price exceeding $57,000.
Initial Payments Begin
The trustee…
Read more on Benzinga