The world’s largest hacked cryptocurrency exchange will start returning bitcoins to all victims

The bankrupt cryptocurrency exchange Mt. Gox has released an online form for former customers to register their payment details for the subsequent return of their BTC, which has been blocked for more than eight years.

Mt.Gox is the oldest cryptocurrency exchange that lost more than 850,000 BTC in a hack in 2011. Ten years later, in November 2021, the exchange released a «Rehabilitation Plan» to return about 137,000 BTC to investors.

Mt. Gox representatives are waiting for applications for the return of BTC until January 10, 2023, after which former customers who have not submitted a request will no longer be able to receive compensation.

Many crypto analysts predict that the issuance of 137,000 BTC may cause increased pressure from sellers, which could lead to a drop in the price of bitcoin below $ 10,000. However, it all depends on the details of the compensation.