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Korean traders began bidding up altcoin prices as arbitrage bots, which normally keep Korean and international prices aligned, stopped operating.
Gino Matos 3 min read
Nearly $950M in legacy coins shifted to a new wallet as Bitcoin breaks below $90,000, reviving anxieties over creditor repayments.
Mt. Gox repayment deadline raises questions about whether exchanges will absorb a late-month supply wave or creditors will route coins through custody and over-the-counter channels.
Strive's acquisition of Mt. Gox BTC claims hinges on shareholder decision, with price volatility a looming threat.
Speculation rises over Mt. Gox's asset transfers amid ongoing creditor repayments efforts.
Mt Gox's wallet still holds about $2.75 billion worth of Bitcoin that would be distributed to its creditors.
The flagship crypto was still up 3.75% over the past 24 hours and trading at $60,770 as of press time,
Earlier today, Bitcoin wallet linked to BitGo executed test transactions that triggeed repayment hopes.
The development marks a significant milestone in a decade-long effort to reimburse those affected by the infamous 2014 hack that led to Mt. Gox's collapse.
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