MtGox is the former largest crypto exchange based in Japan, has lost 850,000 BTC of crypto, due to this hack the MtGox exchange was closed in 2014. and Bitcoin price at that time was only $391.00 per BTC. It has been seven years since MtGox has been hacked and of course many users are disappointed because of the loss of their cryptocurrency. However, the hard work of the MtGox team in the compensation effort finally paid off. So far, around 200,000 BTC has been successfully recovered, and MtGox exchange users who have fallen victim to or lost their crypto, then the amount of 200,000 BTC will be immediately distributed to MtGox users.
What Will Happen After MtGox Indemnity?
A very large number of Bitcoins will certainly result in price fluctuations in the crypto market, because it is very likely that MtGox users who are victims of hacking will sell their Bitcoin returns and MtGox users will take profit by selling BTC which is currently above $60K, so we must be aware of the price correction.
What Will Happen After MtGox Indemnity?
A very large number of Bitcoins will certainly result in price fluctuations in the crypto market, because it is very likely that MtGox users who are victims of hacking will sell their Bitcoin returns and MtGox users will take profit by selling BTC which is currently above $60K, so we must be aware of the price correction.