Hello to my friends who love life and keep smiling despite all negativity. In this article I will tell you about "MT.GOX". I will try to explain it as simply as possible. Let's learn together…
Mt. Gox was the most used Bitcoin exchange in the world for a period. The stock exchange alone accounted for 80 percent of the entire transaction volume during its operating period. In 2014, Mt. Gox suspended all trades, shut down its website and filed for bankruptcy protection. The stock exchange had stolen 850 thousand BTC, 750 thousand of which belonged to its customers. At that time Mt. A large number of users, mostly Americans, lost their Bitcoins on Gox. For 7 years Mt. A process was in progress for payment to creditors at Gox.
Before it went bankrupt in 2014, Mt. CoinLab, which carried out Gox's activities in the USA and Canada for a while, after a long legal war, Mt. Gox announced that an agreement was reached with its creditors.
According to Bloomberg, Mt. Gox will give creditors the option to claim 90 percent of their remaining Bitcoins on the exchange.
Reporter at Matt Leising Bloomberg News
Mt. The agreement between the Gox board of trustees and MGIFLP, a unit of Fortress Investment Group, will be presented to creditors for a simple yes-no vote.
According to CoinLab, which announced the deal but was not included, investors do not have to receive early payments and Mt. They can wait for the cases against Gox to be resolved.
In finishing…
Mt. There is no clear statement about how much Bitcoin the creditors can claim in Gox. However, Mt. It is known that Gox has approximately 140 thousand BTC in their wallets. If these BTCs pass to creditors, I anticipate that Bitcoin will face a selling pressure and therefore a significant decrease in price may occur.
As I always said, listen to everyone, decide for yourself ...
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