From Investing.com: 2024-07-05 12:30:19

Former Mt. Gox CEO Mark Karpeles speaks out as a 141,686 BTC refund begins, with a transfer of 47,229 BTC worth $2.71 billion on July 5. The movement of funds between wallets caused community concern. Karpeles, relieved that customers are finally receiving restitution, reflects on the decade-long uncertainty after the exchange’s collapse in 2014. Market reactions saw BTC prices drop below $54,000 and BCH surge past $2,900. Additionally, 1,545 BTC valued at $85 million were withdrawn to a Bitbank account for user refunds, highlighting Mt. Gox’s commitment to repay customers in Bitcoin and Bitcoin Cash (BCH).

Read more at Investing.com: Former Mt. Gox CEO Breaks Silence on 141,686 Bitcoin Payback By U.Today