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COINTURK NEWS > Bitcoin News > Kraken Receives Funds from Mt. Gox and Announces Payment Timeline
Bitcoin News

Kraken Receives Funds from Mt. Gox and Announces Payment Timeline

In Brief

  • Kraken received funds from the Mt. Gox team.

  • Payments to users will start within 7 to 14 days.

  • Bitcoin's value increased quickly following the announcement.

COINTURK NEWS
COINTURK NEWS 10 months ago
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Recently, a significant development occurred regarding the Mt. Gox payments that have been a hot topic in the crypto market. According to the announcement, the crypto exchange Kraken successfully received funds from the Mt. Gox team and stated that the payments would begin within 7 to 14 days. Following this development, Bitcoin was trading at $63,403 at the time of writing.

Surprise Announcement from Kraken Team

The German government’s Bitcoin sale concluded recently, and this process, which significantly occupied the crypto market, is now over. However, another process awaited by investors was the repayment plan for users of the bankrupt crypto exchange Mt. Gox. With the announcement from the Kraken team, the lingering questions were put to rest.

A few hours ago, a transfer of 44,527 Bitcoin worth $2.84 billion occurred from a wallet linked to Mt. Gox. Following this development, the Kraken team announced that they had received funds from the Mt. Gox team and that payments to users would begin within 7 to 14 days. This development led to a quick increase in Bitcoin’s value.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 16 July, 2024 - 2:21 pm 16 July, 2024 - 2:21 pm
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