150,000 Mt. Gox Bitcoin won’t trigger a correction anytime soon

There is growing speculation that 150,000 Bitcoin (BTC) from the Mt. Gox trustee could move on Oct. 15. But many factors suggest that is highly unlikely given past records.

Between 2011 and 2013, Mt. Gox lost 850,000 BTC in the biggest hacking attack in Bitcoin history. The trustee reportedly has 150,000 BTC to repay users who lost their funds from the breach.

Yet, there are many hurdles to undergo before the refunds can be issued. The refund process has been continuously delayed since 2019,…


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