Users who suffered financial losses on the now-defunct Bitcoin exchange Mt. Gox said they could see their crypto balances on the Kraken site, which was beneficial ten years after the famous hack.
Several Mt. Gox claims confirmed the news on Reddit’s “mtgoxinsolvency” subreddit, and some even got Bitcoin Cash tokens as payment.
After Mt. Gox sent about $6 billion in cryptocurrency to different addresses, Kraken promised to pay back creditors within seven to fourteen days. Users did report more “brute force” attacks on accounts, though, which suggests that bad people were trying to steal the relief funds.
Mt. Gox Fund Release
Arkham said on July 23 that the exchange that went out of business sent $2.85 billion to four Bitstamp wallets. There were moves of 1,598 BTC, which is about $106.3 million, 382.4 BTC, which is about $25.4 million, 2,239 BTC, which is about $149.1 million, and 890.9 BTC, which is about $59.3 million. It is still not clear if Bitstamp will follow the same two-week window for release as Kraken.
Over 850,000 BTC were stolen from Shibuya, Tokyo-based Mt. Gox during six hacks between 2011 and 2014. The event was one of the most significant crypto hacks ever, and the BTC that was stolen is now worth more than $60 billion.
People in the market are uncertain if creditors will sell their tokens since they are owed at least $9 billion. If a lot of people decide to sell their Bitcoin, the price of the cryptocurrency could drop. At the moment, BTC is selling down 2.3%, or about $65,800 per token.
