Mount Gawks says it will start distributing assets and Japanese institutional investors,

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Defunct Bitcoin Exchange Mount Gawks said it will start distributing assets stolen from clients

in a 2014 hack in July 24, this after years of postponed deadlines.

The repayments will be made in Bitcoin and Bitcoin cash and could possibly add selling pressure to both markets.

Mount Cox was once the world's top crypto exchange handling over 70% of all Bitcoin transactions in its early years.

In early 2014, hackers attacked the exchange, resulting in the

loss of an estimated $740,000 Bitcoin worth $15 billion at current prices.

The Bitcoin mining sector is attracting growing investor interest following the core scientific deal

with AI company CoreWeave. That's according to J.P. Morgan. The bank said in a research

report that the total market cap of the 14 miners it tracks has grown by 22 percent or $4 billion

since the announcement. Analysts wrote that this is a reflection of the alternative use cases

for mining facilities and the scarcity of value and power access.

And Japanese institutional investors plan to invest in crypto in the next three years.

That's according to a Nomura survey.

54% of respondents said they plan to invest in cryptocurrencies over the time period and 25% of firms said they had a positive impression of digital assets.

Investors said the preferred allocation of crypto was between 2 and 5% of assets under management.

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