Bitcoin Prices Drop to Near $62,000 as Mt. Gox Set to Begin BTC, Bitcoin Cash Repayments

Defunct bitcoin exchange Mt. Gox said Monday it will start to distribute assets stolen from clients in a 2014 hack in the first week of July, years after continually moving deadlines.

“The Rehabilitation Trustee has been preparing to make repayments in Bitcoin and Bitcoin Cash under the Rehabilitation Plan,” trustee Nobuaki Kobayashi said in a Monday statement posted on the Mt. Gox website.

“The repayments will be made from the beginning of July 2024,” Kobayashi said, adding that due diligence and certain safety steps will be required before the payments go through.

Source: Bitcoin Prices Drop to Near $62,000 as Mt. Gox Set to Begin BTC, Bitcoin Cash Repayments