{"id":88668,"date":"2024-07-02T00:15:02","date_gmt":"2024-07-02T04:15:02","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88668"},"modified":"2024-07-01T23:54:16","modified_gmt":"2024-07-02T03:54:16","slug":"collapsed-bitcoin-exchange-mt-gox-is-about-to-unload-9-billion-of-coins-onto-the-market","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2024\/collapsed-bitcoin-exchange-mt-gox-is-about-to-unload-9-billion-of-coins-onto-the-market.html","title":{"rendered":"Collapsed bitcoin exchange Mt. Gox is about to unload $9 billion of coins onto the market."},"content":{"rendered":"\n<p>(CNBC) A\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/BTC.CM=\/\">bitcoin<\/a>\u00a0exchange that collapsed 10 years ago after being hacked is set to return billions of dollars\u2019 worth of the token to users \u2014 and it has investors worried. In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Gox will begin paying back thousands of users almost $9 billion worth of tokens. The platform\u00a0<a href=\"https:\/\/www.cnbc.com\/2014\/04\/16\/bitcoins-mt-gox-files-for-liquidation-report.html\">went under in 2014 following a series of heists<\/a>\u00a0that cost it in the range of\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.justice.gov\/opa\/pr\/russian-nationals-charged-hacking-one-cryptocurrency-exchange-and-illicitly-operating-another\" target=\"_blank\">650,000<\/a>\u00a0to\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.galaxy.com\/insights\/\" target=\"_blank\">950,000<\/a>\u00a0bitcoins, or upward of $59 billion, at current prices.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/07\/01\/mt-gox-about-to-unload-9-billion-of-bitcoin-what-it-means-for-btc.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) A\u00a0bitcoin\u00a0exchange that collapsed 10 years ago after being hacked is set to return billions of dollars\u2019 worth of the token to users \u2014 and it has investors worried. In a few days, bankrupt Tokyo-based bitcoin exchange Mt. Gox will [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88668","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88668"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88668\/revisions"}],"predecessor-version":[{"id":88669,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88668\/revisions\/88669"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}