As a professional translator, I translate the news article into English:
Cryptocurrency research firm K33 Research has released a report stating that Mt. Gox, a cryptocurrency exchange that collapsed due to a hacker attack in 2014, is preparing to distribute 142,000 BTC worth around $9.5 billion and 143,000 BCH worth around $73 million to its creditors. This distribution could potentially put pressure on the cryptocurrency market.
The K33 report points out that creditors saw similar cash repayment updates in mid-March, with some users claiming to have received transfers. Analysts suggest that if the cryptocurrency payment process reflects a legal refund, creditors could start receiving digital assets as early as next month.
The report explains that while creditors are unlikely to collectively sell their payments, this expectation may prompt market participants to exercise caution and avoid taking risks before the event. The report states, “Repayment does not necessarily equate to selling pressure, as creditors may choose to hold the funds, but it is a pending issue that could soon alarm the market.”
Tags:
K33 Research
Mt. Gox
Bitcoin
Source link:
https://www.coindesk.com/markets/2024/04/23/mt-goxs-looming-9b-payout-could-we…
Note: All articles on BitPush News represent the author’s views and do not constitute investment advice.
Original article link:
https://www.bitpush.news/articles/6636692
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