Colin Wu's tweet says that several creditors of bankrupt exchange Mt. Gox received an email from the bankruptcy rehabilitation trustee of the once popular exchange. The letter stated that creditors who lost their funds during the hack that occurred in 2014 will begin to gradually receive their funds back this year.
These payouts will also extend into 2024. Payouts of 142,000 Bitcoin (equal to $5,179,222,800), 143,000 Bitcoin Cash (worth $31,507,190), 69 billion yen, among other payouts, will be distributed among Mt. Gox creditors.
RIP bull market
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No one can be sure of anything, but I wouldn't underestimate the strength of a bull market, especially when we're so close to the halving and ETF approvals. If it broke below 31k, I would consider this still-mini bull market to be dead.
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