Indeed, the latest public document published on the platform’s website on August 31 reveals the “Assignment, etc. Restriction Reference Period” has been accepted by the court and starts on September 15 and ends at an undefined period. Notably, this does not imply that payouts shall begin on September 15, 2022 (Japan time). According to Django Bits, an alleged operator of a channel for Mt. Gox creditors, this process of repayment could “drag on for months if not years.”
Investors keep a close on the trustee’s balance
Given the talk regarding the repayment process to Mt. Gox creditors, investors have been following the trustee’s balance which can be tracked with the metric indicating that 137,890 BTC is in Mt. Gox reserve.
There has been a lot of talk about the impact that the payout would have on the cryptocurrency market recently. Since Bitcoin is now undergoing tumultuous activity, there is a concern that clients of Mt. Gox would sell their recovered BTC, resulting in more market turbulence. However, this may not be the case since, when they submitted their registration request, creditors were offered the choice of receiving their Bitcoin early in the form of a partial lump sum payment or waiting until the conclusion of the civil rehabilitation process, at which point further money would be available for distribution. Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
