Just as Bitcoin (BTC) and the rest of the crypto market were showing signs of recovery, another obstacle now stood in the way to the top. In a long-awaited move, Kraken – a leading crypto exchange – has reportedly started distributing Bitcoin (BTC) and Bitcoin Cash (BCH) to Mount Gox’s creditors.
Although the exchange itself has not confirmed the promotion, several crypto netizens have confirmed that they received their crypto in their Kraken exchange. The distribution ended the wait for several early Bitcoin investors who have been waiting to get their money back from the once largest BTC exchange in the world.
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The bankrupt exchange is on track to return nearly $9 billion worth of Bitcoin to its creditors. And crypto exchange Kraken is expected to return more than $3 billion worth of BTC from its $9 billion pot.
The story is still developing.