Mt. Gox creditors aren't selling their Bitcoin, despite preliminary concerns that 99% of them could be looking to offload BTC.
Kraken has distributed all the funds to the exchange’s Mt. Gox creditors, but the highly anticipated selling pressure on Bitcoin has not materialized.
Crypto exchange Kraken has now completed the distribution of all the Bitcoin (BTC) and Bitcoin Cash (BCH) owed to Mt. Gox creditors, according to Dave Ripey, the CEO of Kraken.
Kraken’s CEO announced the end of the distribution in a July 24 X post:
