142,000 Bitcoin Could Be Dumped As Creditors Eye Mt. Gox Repayment
The Mt. Gox rehabilitation trustee asked creditors to choose between bitcoin, cash or Bitcoin Cash to receive repayment, risking pressuring the market further.Creditors could offload a total of nearly 142,000 bitcoin into an already stressed market.The rehabilitation trustee will restrict creditors in moving funds for a period.Over 700,000 BTC were drained in the Mt. Gox implosion in 2014.Victims of the implosion of bitcoin exchange Mt. Gox are now able to opt between different ways for receiving their bitcoin back: bitcoin itself, cash, or Bitcoin Cash.Users of the now defunct exchange....
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Users of the Mt. Gox exchange may be one step closer to getting their funds back after trustee Nobuaki Kobayashi announced the options for repayment. Creditors from the defunct crypto exchange Mt. Gox have until January 2023 to register and select a repayment method as part of the plan by which they will be compensated them for their losses.According to an Oct. 6 announcement from Mt. Gox trustee Nobuaki Kobayashi, creditors have until Jan. 10 to select a repayment method and to register payee information in an online rehabilitation claim filing system to be paid through bank remittance,....
Mt Gox creditors have been issued new information concerning their claims and it seems they now have until January 10, 2023 (Japan time) to register for a repayment method. The latest notice says that any creditors that wish to receive payment, must finish the “selection and registration” section on the system platform by the deadline. Furthermore, the crypto exchange Bitstamp has revealed it is one of the selected exchanges chosen by the court trustee Nobuaki Kobayashi. Mt Gox Creditors Have Been Given a Deadline to Register With a Selected Exchange Roughly 38 days ago, the....
The Restriction Reference Period is one of the final steps in repaying creditors, according to the document released Wednesday. Mt. Gox trustee Nobuaki Kobayashi released updated information on Wednesday regarding the rehabilitation plan for creditors of the long-defunct crypto exchange. According to the file, the restriction reference period starts on September 15. During the phase, "the assignment, transfer or succession, provision as collateral, or disposition by other means of rehabilitation claims are prohibited."Kobayashi confirmed that creditors have until September 15 to submit....
On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors.
Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown
Last week speculation and rumors concerning the release of 140K bitcoin (BTC) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “fake news.” During that same period....
Mt. Gox creditor Eric Wall said that at the moment, creditors are still unable to register where the funds should be sent to. As rumors about an upcoming Bitcoin (BTC) dump float on Twitter, Mt. Gox creditors took to Twitter to say that these are all false, with one highlighting that the defunct exchange’s repayment system is still not live yet. In a Twitter thread, Eric Wall introduced himself as a Mt. Gox creditor and confirmed that there would not be a 137,000 BTC dump, countering rumors floating around on social media. According to Wall, the exchange has not yet completed the....