<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/kraken-issues-mtgox-refunds" data-wpel-link="internal">Kraken Issues MtGox Refunds</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/robert-kiyosaki-guides-investors-on-bitcoin" data-wpel-link="internal">BTC</a> and other cryptocurrencies experienced fluctuations due to long-standing fears resurfacing during a bullish market. Had this occurred in November 2022, BTC might have dipped below $10,000. Fortunately, MtGox refunds are being issued amidst the market’s peak.</p> 
<h2 id="what-is-the-latest-with-mtgox-refunds">What is the Latest with MtGox Refunds?</h2> 
<p style="text-align: justify">Kraken exchange announced after the daily candle close that refunds had been initiated. The MtGox trustee sent thousands of BTC to five selected exchanges, fulfilling the long-awaited refunds. Investors who had their assets frozen due to the MtGox <a href="https://newslinker.co/what-is-cybersecurity/" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">hack</a> now have the opportunity to sell these assets, which were once bought at $200, at $66,000.</p> 
<p style="text-align: justify">Notably, on-chain data indicates that not all recipients are selling; some are transferring their assets to cold wallets. There’s a potential positive impact, as some of the proceeds might be reinvested into cryptocurrencies, particularly altcoins, which could stimulate a market rise. Conversely, FTX claims will soon be refunded in cash, which could drive funds into exchanges instead of directly into the crypto market.</p> 
<h2 id="why-did-kraken-make-this-announcement">Why Did Kraken Make this Announcement?</h2> 
<p style="text-align: justify">Around 12 hours ago, Kraken CEO Dave Ripley confirmed the completed refunds and shared a historical photo of the founding CEO with the trustee. This announcement marked a significant milestone for Kraken, which was chosen nearly a decade ago to assist in the investigation and refund process.</p> 
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2> 
<p style="text-align: justify"> – BTC assets from the MtGox event have been refunded, presenting selling opportunities at high current market prices.<br> – Some <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investors</a> are transferring assets to cold wallets, indicating long-term holding strategies.<br> – Proceeds from the refunds may flow back into the crypto market, potentially benefiting altcoins.<br> – Upcoming FTX claim refunds in cash could inject liquidity into exchanges differently from the MtGox scenario. </p> 
<p style="text-align: justify">Kraken expressed gratitude to the trustee for safeguarding funds and highlighted the importance of maintaining their mission towards a more financially free, secure, and inclusive world. This milestone underscores Kraken’s significant role and commitment in the cryptocurrency industry.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/kraken-issues-mtgox-refunds" data-wpel-link="internal">Kraken Issues MtGox Refunds</a></h5>

Kraken Issues MtGox Refunds

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