Reported about 1 year ago
Mt. Gox, once a major crypto exchange, has begun repaying customers almost 10 years after a 2014 hack led to bankruptcy. The exchange, which once dominated over 70% of bitcoin transactions, lost around 740,000 bitcoin in the hack. The announcement of repayments caused a drop in the market, with Bitcoin falling to $53,600, the lowest in five months, leading to liquidated bets worth over $580 million. Some customers may have to wait 60-90 days for payouts, with approved exchanges like Bitbank and Kraken facilitating the process.
Source: YAHOO