Bitcoin's Volatility Continues to Cause Market Turmoil and Losses.

Crypto-services provider Matrixport has stated that the impact of Mt. Gox repayments on the Bitcoin market will be limited. The defunct cryptocurrency exchange was hacked in 2014, resulting in the theft of 850,000 Bitcoins, valued at $500 million at the time and now worth $17.8 billion. Only 200,000 Bitcoins have been recovered, and creditors will receive a base payment with four options to receive the remainder of their funds. The deadline for repayments is September 30, with $1.7 billion in cash, 141,000 Bitcoin, and another 142,000 Bitcoin Cash to be distributed as part of a civil rehabilitation plan.