Summary
K33 Research reports that Mt. Gox is preparing to distribute a large amount of bitcoin and bitcoin cash to creditors, potentially impacting digital asset prices.
Key Points
1. Mt. Gox, a crypto exchange that collapsed in 2014 due to a hack, is preparing to distribute 142,000 bitcoin and 143,000 bitcoin cash to creditors.
2. The total value of the bitcoin being distributed is roughly $9.5 billion, while the bitcoin cash is worth $73 million.
3. This distribution could potentially have a significant impact on digital asset prices due to the large amount of cryptocurrency being released into the market.