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When will a hacked bitcoin exchange return to customers?

Failed bitcoin exchange Mt. Gox will begin returning assets to customers in July 2024, more than a decade after it was hacked. The number of bitcoins headed toward former customers is still not certain and could range from 65,000 to as much as 140,000, worth nearly $9 billion at the upper end.

What happened to crypto exchange before its implosion?

Before its implosion, customers used the exchange as a marketplace to buy and sell digital currencies and stored billions of dollars in crypto on the platform.

What happened to bitcoin in July 2024?

The price of bitcoin dipped below $61,000 on the news, continuing a downward trend for the month. Failed bitcoin exchange Mt. Gox will finally begin returning bitcoin ( BTCUSD) to customers in July 2024, almost a decade after a massive hack forced it into bankruptcy.

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