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Collapsed bitcoin exchange Mt. Gox is about to unload $9 billion of coins onto the market. Here’s what it means

by Editor July 4, 2024, 3:09 am 1.1k Views

Collapsed bitcoin exchange Mt. Gox is about to unload $9 billion of coins onto the market. Here's what it means

Omer Taha Cetin | Anadolu | Getty Images

A bitcoin exchange that collapsed 10 years ago after being hacked is set to return billions of dollars’ worth of the token to users — and it has investors worried.

In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Gox will begin paying back thousands of users almost $9 billion worth of tokens. The platform went under in 2014 following a series of heists that cost it in the range of

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