Mt. Gox's Bitcoin Repayment Plan Stirs Debate Among Creditors

Sunday, 21 April 2024, 18:00
The trustee overseeing the Mt. Gox bankruptcy has made progress in facilitating a significant Bitcoin repayment, causing mixed reactions among creditors. With the potential sell-off looming, the expected distribution of 142,000 BTC, 143,000 BCH, and 69 billion Yen could see creditors liquidating their assets. Theories of an accelerated repayment timeline by October 31, 2024, are met with skepticism and anticipation amidst long-standing creditor woes.
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Mt. Gox's Bitcoin Repayment Plan Stirs Debate Among Creditors

Mt. Gox's Bitcoin Payout

The recent update on Mt. Gox's crypto payments has stirred mixed reactions among creditors. Some speculate an accelerated repayment schedule, while others remain skeptical.

Repayment Plan Details

  • 142,000 Bitcoin (BTC)
  • 143,000 Bitcoin Cash (BCH)
  • 69 billion Yen

Industry analysts anticipate potential selling pressure in October as creditors liquidate assets due to the extended wait since Mt. Gox's collapse in 2014.

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