142,000 Bitcoin Could Be Dumped As Creditors Eye Mt. Gox Repayment
Sponsored
Sponsored
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 lost hundreds of thousands of
Mt. Gox, the collapsed cryptocurrency exchange, has extended its repayment deadline for creditors from October 31, 2025, to October 31, 2026. The announcement came only a few days before the original deadline. This extension decision shows that the repayment process remains difficult and one of the longest in the history…