Mt. Gox trustees have started the process of repaying Bitcoin and Bitcoin Cash to investors, marking a significant milestone in the long-awaited redistribution of funds locked since the 2011 hack. The notorious hack forced the once-largest Bitcoin exchange to shut down, resulting in the loss of over 700,000 BTC. Despite numerous legal and administrative challenges, the repayment process is finally underway, with the potential to impact the market significantly.

The release of these funds may lead to substantial selling pressure for Bitcoin, which is currently struggling to maintain its price. However, the return of Bitcoin and Bitcoin Cash to investors is now in its final stages, according to Mt. Gox trustee Nobuaki Kobayashi. The repayment schedule is set to begin in early July 2024, with repayments made in Bitcoin and Bitcoin Cash, as per the Rehabilitation Plan.

To ensure a reliable and secure repayment process, the team has implemented technological solutions for safe transactions that comply with financial laws in each country. They have also collaborated with cryptocurrency exchanges to set up repayment terms, guaranteeing the completion of essential data exchange and verification before the funds are released. Kobayashi emphasized the team's effort to ensure a secure and reliable repayment process.

The commencement of repayments marks a crucial turning point in this ongoing issue, bringing closure to investors who have been waiting for years. As the process unfolds, the market will be closely watching the impact of the redistributed funds on Bitcoin's price. With the repayment schedule set to begin soon, investors and enthusiasts alike are eagerly awaiting the outcome.

In conclusion, the initiation of the repayment process by Mt. Gox trustees marks a significant step towards resolving the long-standing issue. As the funds are redistributed, the market will be watching closely, anticipating the potential impact on Bitcoin's price. With the repayment process finally underway, investors can expect a sense of closure after years of waiting.