Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.
05:48Mt. Gox customers will start receiving payouts from the defunct crypto exchange through Bitstamp on Thursday, some 10 years after the exchange succumbed to a hack.. The trust managing the Mt. Gox assets started sending assets to several crypto exchanges this month, and users will be able to reclaim the funds in the coming weeks. Mt. Gox was once the world’s biggest crypto exchange, handling over 70% of all bitcoin transactions in its early years..
Investors were worried the creditors would sell the reclaimed assets, realizing the profits of 10 years of price appreciation, and flood the market.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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