The massive selling pressure on Bitcoin continues, with the BTC price falling another 7.5% in the last 24 hours, dropping its price below $54,000.
The latest selling pressure was Mt. The official statement came from Mt.Gox as Gox wallets became active again and started moving Bitcoins.
At this point, Mt.Gox officially announced that it had started refunds.
“Notice Regarding Refunds in Bitcoin and Bitcoin Cash:
On July 5, 2024, the Rehabilitation Board repaid certain rehabilitation creditors in Bitcoin and Bitcoin Cash through vehicles such as Designated Cryptocurrency Exchanges pursuant to the Rehabilitation Plan.
Repayments to other rehabilitation creditors will be made immediately when the following conditions are met:
-Confirmation of the validity of registered accounts and other matters;
-Designated Cryptocurrency Exchanges etc. acknowledgment of the intention to subscribe to the Agency Acknowledgment Agreement by;
-Rehabilitation Board of Trustees and Designated Cryptocurrency Exchanges, etc. completion of negotiations regarding repayments;
-Confirmation that refunds can be made safely and securely.
“We ask eligible creditors who have not received payment to wait for a while.”
*MT GOX BEGINS REPAYMENTShttps://t.co/HzdyREeUJB
— db (@tier10k) July 5, 2024
*This is not investment advice.