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140,000 Bitcoins already sold? Mt. Gox creditors start receiving yen settlements.
Coin Circle News: Cryptocurrency exchange Mt. Gox, which went bankrupt in 2014 after losing 850,000 bitcoins due to a hacker attack, opened the registration for creditors to claim information in October of last year. Approximately 140,000 bitcoins are waiting to be delivered for settlement, and the registration system for creditors closed on April 6th. Previously, the latest official update was that Nobuaki Kobayashi, the trustee for Mt. Gox's bankruptcy, began sending emails to creditors in November regarding the initiation of compensation payments. The plan is to start cash compensation payments to creditors from 2023, with continued payments expected in 2024. However, no specific timeline for compensation payments has been provided.
Creditors have started receiving payments
About a month later, Mt. Gox creditors have begun reporting on Reddit that they have started receiving compensation. Mt. Gox appears to be sending compensation in Japanese yen through PayPal to creditors. A Reddit user, Free-end254, posted, "I just received payment" and attached a screenshot of the email confirming the payment received through PayPal. Another user confirmed, "I just received the money." Initially, these users thought the related emails were some kind of phishing scam, but later they confirmed the actual payment in their PayPal accounts.
After a decade of waiting, these victims are finally starting to receive compensation. Users indicate that they have received partial repayment, and according to previous official statements, further payments are expected to be made gradually.
Repayment deadline extended to October next year, Mt. Gox starts selling?
Mt. Gox's repayment plan for creditors, including basic repayment, midterm repayment, and early lump-sum repayment, was announced by the trustee Nobuaki Kobayashi in September of this year. He extended the final deadline for repaying creditors from October 31, 2023, to October 31, 2024. However, for creditors who have provided necessary information, repayments will be made in order as early as the end of this year.
Earlier, there were concerns in the market that the settlement of 140,000 bitcoins by Mt. Gox might exert significant selling pressure on Bitcoin. However, UBS analysts released a report stating that the Mt. Gox settlement would not have a major impact on Bitcoin prices. The repayment plan currently provides creditors with various repayment methods and time options. Additionally, most Mt. Gox creditors are still cryptocurrency enthusiasts and are unlikely to sell bitcoins.
However, people claiming to have received payments on the internet are stating that they were paid in Japanese yen. This suggests that Mt. Gox may have secretly liquidated assets during this period. |
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Post time 29-12-2023 10:51:59