bitcoin that has followed its investors for years Mt. Gox The process continues a little painfully as he approaches the end of his FUD.
When will Bitcoins be distributed? Will victims sell these Bitcoins immediately? While the questions remain warm, a new document has been published on Mt.Gox’s official website.
The following statements were included in the document:
“The Board of Trustees is preparing to issue repayments according to the Tokyo District Court’s rehabilitation plan for November 16, 2021.
In order for repayments to be made in a safe and secure manner, the Board of Trustees has determined a “transfer and restriction” period in accordance with the distribution plan and with the Court’s permission. In this process, assignment, transfer and succession requests from creditors will be prohibited.
The “handover and restriction period” for safe distribution will begin on September 15 (according to Japan) and will continue until the refund deadline.”
It would not be correct to deduce from this that 137,000 BTC will be distributed directly on September 15th. The delegation, which is getting closer and closer to payment, is entering a new process where it will not accept requests and make distribution safely.
This phase is thought to take months. Because, as can be seen, the distribution commission did not set a date for the completion.
What is the Mt. Gox Incident?
hackers in 2014 850 thousand Bitcoinsdemanding bankruptcy upon stealing Japanese Cryptocurrency Exchange Mt.GoxAfter announcing its bankruptcy, many investors could not pay.
As a result of the lawsuits that lasted for about 8 years, 200,000 bitcoin It was found to be a forgotten wallet.
The liquidation commission appointed by the Tokyo District Court decided to distribute 137,000 BTC from Mt.Gox’s forgotten wallet to creditors who lost all their assets on the exchange.
With the finalization of the payment plan, the Japanese cryptocurrency exchange Mt. Gox’s plan to distribute 137,000 Bitcoins has reached the final stage.
No Movement Yet
According to data provided by Glassnode, Mt.Gox’s wallet has 137,890 Bitcoins to be distributed to victims, and there is no movement from the wallet yet. All eyes are now on September 15.
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