Top Mt.Gox creditors opt for Bitcoin payout: report

2023-2-18 19:21

Mt.Gox Investment Fund and Bitcoinica reportedly want reimbursement from the Mt.Gox Trustee to be in Bitcoin. The two firms are two of the largest creditors of Mt.Gox, a Bitcoin exchange that went bankrupt in 2014. A reimbursement program for all creditors indicates payouts will begin on 30 September 2023.

Mt. Gox creditors have waited nearly a decade for reimbursement payouts following the collapse of one of Bitcoin’s earliest and (by then) largest exchanges.

But now with the rehabilitation process drawing towards a close, two of the defunct crypto exchange’s largest creditors have opted for a payout in bitcoin.

Mt.Gox Investment Fund opts for BTC payout

According to a news report by Bloomberg, Mt. Gox Investment Fund, which is the largest creditor of the defunct Bitcoin exchange, has settled for a payout in Bitcoin. Another top creditor looking to recover their funds in BTC is Bitcoinica, a crypto platform that also went bankrupt following multiple hacks.

Creditors agreed to the reimbursement program in October 2021, and are currently updating their payout details as they pick payment options.  

Earlier this year, Mt.Gox Trustee Nobuaki Kobayashi notified creditors that the court had allowed them to push the deadline for registration of payee information to 10 March 2023. Repayments, which are expected in cryptocurrency or fiat are set to begin on 30 September.

Both Mt.Gox Investment Fund and Bitcoinica have opted to receive 90% of the repayments in BTC, according to the report. The two creditors will get paid in September.

What does this mean for BTC?

The move is largely positive for Bitcoin as receiving the payments in the cryptocurrency significantly reduces the impact of a dump if the Trustee had to liquidate the coins in order to pay in fiat. 

Bitcoin price rose to highs above $25k this week as the crypto market sentiment ticked up despite US regulators’ latest actions. On Friday (11:00 am ET), BTC pushed above $24k once again following an earlier dip to lows of $23,300.

The post Top Mt.Gox creditors opt for Bitcoin payout: report appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

MtGoxCoin (GOX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 GOX

gox bitcoin two creditors firms bankrupt 2014

Источник: coinjournal.net

gox bitcoin → Результатов: 126


Illinois Judge Blocks Mt Gox CEO’s Bid to Weasle out of Bitcoin Trader Lawsuit

For Mark Karpeles, the former CEO of the shuttered Mt. Gox bitcoin exchange, the hits just keep on coming, this time from more than 6,000 miles away. An Illinois court in a Memorandum Opinion and Order issued on March 12 has denied Karpeles the chance to make a class action complaint in which he is named as a defendant go away, despite the fact that the infamous cryptocurrency exchange was based in Tokyo.

2019-3-14 19:06


Дело Mt Gox переведено в другой правовой статус, инвесторы могут вернуть свои средства в биткоин

Кредиторы, держащие биткоин в печально известной криптовалютной бирже Mt Gox, могут вернуть свои средства путем судебного решения. Сообщение Дело Mt Gox переведено в другой правовой статус, инвесторы могут вернуть свои средства в биткоин появились сначала на Freedman.

2018-6-22 17:37


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitfinex analysts predict Bitcoin surge as Dollar Index dips

Bitfinex analysts anticipate a bullish second half for Bitcoin as the Dollar Index's decline signals potential growth for the cryptocurrency. The post Bitfinex analysts predict Bitcoin surge as Dollar Index dips appeared first on Crypto Briefing.

Animoca Brands “comes to Bitcoin” with OPAL Protocol

Animoca Brands says Bitcoin is ready for Web3. The blockchain gaming giant will collaborate with Darewise and OPAL Protocol to launch a new era for gaming, DeFi and Web3 on BTC. BLIF, a new token of the OPAL Protocol, will power the ecosystem.

WOO unveils innovation hub focused on Bitcoin’s ecosystem

WOO plans innovation hub expansion to bolster Bitcoin’s ecosystem The new initiative will focus on projects bringing Bitcoin Layer-2s, RWA, DeFi, AI and DePIN to the Bitcoin ecosystem. WOO has announced plans aimed at using its innovation hub and the WOO token to power the next growth chapter for the Bitcoin (BTC) ecosystem.

Норвегия ужесточает контроль над дата-центрами, что вызывает опасения у майнеров биткоинов

Парламент Норвегии (Стортинг) принял новый закон о дата-центрах, который может привести к усиленному контролю над майнерами биткоинов (BTC), работающими в стране. Закон, одобренный 15. 04. 2024, направлен на снижение экологического воздействия дата-центров и продвижение использования возобновляемых источников энергии.