Collapsed bitcoin firm Mt. Gox is about to unload $9 billion of coins onto the market. Here's what it means
·1 min
In a few days, a bankrupt Tokyo-based bitcoin exchange, Mt. Gox, will begin repaying users approximately $9 billion worth of tokens. Mt. Gox incurred significant losses in a series of heists that cost the exchange up to 950,000 bitcoin. While this brings relief to the victims, the price of bitcoin declined to $59,000 in the crypto market’s second-worst weekly decline of the year. Investors are concerned about the potential impact of the return of the tokens on the market.