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.
