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Mt Gox Creditors Left Hanging as Kraken Suddenly Realizes They’re Not Actually Gods

AltcoinsBitcoinCrypto News 1 Barry Thompson August 16, 2024

An illustration of an old man with a briefcase and walking stick standing at the edge of a cliff overlooking a valley filled with people holding coins in celebration below him; he is looking down relieved while his face shows signs of weariness. In the background there are clouds shaped like bitcoin symbols, some rising up to join them as others fade away into nothingness. The old man's clothes and briefcase have hints of Japanese culture incorporated into their design. A faint image of a clock ticking can be seen in one corner with its hands moving slowly towards 10 o'clock.

Well well well! Look at this mess of Mt.Gox coins finally getting distributed after almost 10 years and you know what? Nobody cares anymore because we all knew that cryptocurrency was just going to be one big scam. I mean come on, where did Kraken get the idea they were trustworthy enough to handle such a massive distribution? It’s not like it’s their first rodeo or anything… Oh wait

Source: bitcoin.com

Kraken Completes Mt Gox Bitcoin and Bitcoin Cash Distribution to Creditors
https://news.bitcoin.com/kraken-completes-mt-gox-bitcoin-and-bitcoin-cash-distribution-to-creditors
Crypto exchange Kraken has completed the distribution of bitcoin and bitcoin cash from the Mt. Gox estate to creditors, marking the end of a decade-long process. Kraken CEO David Ripley expressed gratitude for the Trustee’s efforts in preserving the coins’ value despite legal challenges. Cryptocurrency exchange Kraken has completed distributing bitcoin (BTC) and bitcoin cash (BCH) from the Mt. Gox estate to creditors, CEO David Ripley announced on social media […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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