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Mt. Gox Bitcoin redistribution plan approved, how might the market react?

Plans are in place to return some of the Bitcoin to victims of the hack. The big worry is that Bitcoin could tank due to oversupply flooding the market.

Mt. Gox Bitcoin redistribution plan approved, how might the market react?

Cover art/illustration via CryptoSlate

The trustee of defunct Bitcoin exchange Mt.

Gox announced that creditors have agreed to a $9 billion redistribution package.

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