Mt. Gox Trustee Repayment Announcement Triggers Fear in Bitcoin Market

Outstanding Claims by Ripped Off Customers Worth $2.8B

By: Samuel Haig • Loading...

Mt. Gox Trustee Repayment Announcement Triggers Fear in Bitcoin Market

Is Mt. Gox, the notorious exchange that crashed spectacularly in 2014, about to rise from the dead and flood the market with Bitcoin? Or is an arcane legal document that surfaced on Wednesday being widely misunderstood?

Those are the questions roiling crypto after the announcement was published to Mt. Gox’s moribund website on Aug. 31. Straight away, rumors flew that Mt. Gox was poised to release $2.8B worth of BTC it held n mid-September.

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