Mt. Gox Repayment Rumors Spark Cautious Optimism and Impact Bitcoin Price
• Rumors that Mt. Gox is confirming BTC addresses of creditors to make repayments, indicating progress in 2018 civil rehabilitation plan
• Mt. Gox previously largest crypto exchange until hack led to loss of 750k BTC in 2014, worth $30B today
• Reddit platforms like r/MtGoxInsolvency abuzz with reports from self-identified former Mt. Gox users
• Bitcoin price fell below $40k for first time since December, coinciding with repayment rumors
• Extended timeline for creditor repayments (now Oct 2024) continues weighing on crypto market sentiments