[Mentougou incident compensation alert: 140,000 BTC return may shake the market]
Remember the great disaster of Mt.Gox exchange? In 2014, this giant in the Bitcoin world was robbed by hackers and lost 850,000 Bitcoins. Now, ten years later, compensation is finally on the agenda. Mt.Gox plans to repay 142,000 Bitcoins, 143,000 Bitcoin Cash and about 510 million US dollars in Japanese yen to creditors by the end of the year. This is not a small amount, especially considering that the value of Bitcoin has increased more than tenfold in recent years.
The question is: Will so many Bitcoins return to the market cause Bitcoin prices to "flash crash"? Imagine that a large amount of Bitcoin is suddenly released, just like the opening of a reservoir, and the short-term pressure on the market can be imagined. For those friends who are eager to buy at the bottom, this is a striking warning light.
Don't forget how many people lost their money in the Mt.Gox incident, and its shadow still makes investors feel scared. Now, although the compensation gives people hope, it may also set off waves in the market. So, think twice before entering the game!
