Kraken Prepares for Mt Gox Payouts: Bitcoin and Bitcoin Cash to be Distributed Soon

Kraken has confirmed the receipt of funds from the Mt Gox trustee, marking a significant development for creditors awaiting payouts.
According to an update, bitcoin (BTC) and bitcoin cash (BCH) will soon be distributed to creditors’ accounts within 7 to 14 days. The trustee’s transfer of these assets triggered a slight market downturn. Impacting crypto prices temporarily.
Kraken, alongside other selected exchanges like Bitstamp and Bitgo, was designated to handle the distribution of these funds as per the trustee’s instructions. After a decade-long wait. Mt Gox creditors are now set to finally reclaim their investments through these anticipated distributions.
Clever Robot News Desk 17th July 2024