Mt Gox Exchange to Halt Bitcoin Selling

Yesterday was another news for the creditors of MtGox who lost money due to the hack of the exchange in 2014. This hack is the second largest exchange hack after the Coincheck hack this year. Prior to the Coincheck hack that happed earlier this year, MtGox hack was the biggest exchange hack in history.

Court ordered during the earlier proceedings that the creditors should be paid in fiat which has been resulting to market crash everytime they sell. But, in the recent proceedings, civil rehabilitation proceedings as it is called, creditors will be refunded in bitcoin.

This is mixed feelings as some will hold their bitcoins while others will sell subsequently crashing the market.

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