Finally the end of the tunnel? – The old trading platform MtGox did bankruptcy at the beginning of the year 2014after a gigantic hacking hundreds of thousands of bitcoins. Nevertheless, approximately 200 000 BTC could have been saved from the disaster. the endless waiting aggrieved customers of MtGox could take fin in the month of January 2023.
MtGox customers have until January 10, 2023 to report
More 8 ans after the final fall of MtGoxits users should finally review some of their precious bitcoins. Indeed, the Japanese judicial liquidators of the platform are about to launch the distribution of BTC provided by the rehabilitation plan.
Nobuaki Kobayashithe receiver in charge of the liquidation, officially announced on October 6, 2022 that former customers of the crypto-stock exchange have until January 10, 2023last deadline, to register and select their method of compensation.
“(…) The Rehabilitation Trustee has launched a function allowing creditors to choose a repayment method and register beneficiary information, on the MTGOX online application filing system (…) via https:/ /claims.mtgox.com/. The deadline for choosing and registering is January 10, 2023 (Japan time). Any creditor who wishes to receive reimbursement must make the choice and register on the system before this deadline. »
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Bitstamp among the possible exit routes of these bitcoins blocked since 2014
Even though no date is given for the beginning of the distribution of bitcoins held by the MtGox fiduciary, we can reasonably imagine that it begins at first trimester of the year 2023. Or even, from at the end of January next.
Following the announcement of the judicial liquidators, the cryptocurrency exchange platform Bitstamp announced that she would support the rehabilitation plan. Indeed, former MtGox customers will be able to choose to receive their long-awaited BTC on Bitstamp.
“Bitstamp is pleased to announce that we are supporting MtGox’s creditor rehabilitation process. (…)”
The precise sum bitcoins soon to be released into the wild is not exactly known, but the estimates speak of 140,000 to 180,000 BTC. Even at the current low price, this represents a huge windfall of between $2.7 and $3.5 billion. We thus understand better that the crypto market is anxious about downside pressure on the price of Bitcoin, if some former MtGox customers suddenly decided to take their winningsafter 8 and a half years of waiting (and not far from +2000 % of added value).
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