Mt. Gox Provides Important Update on Repayment Process, What It Means for Crypto Market

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How will the crypto market react if Mt. Gox actually returns all of the stolen BTC? $btc crypto mtgox

to its Rehabilitation Plan regarding the repayment procedure. According to the document, the Rehabilitation Trustee is currently preparing to implement repayments in accordance with the plan approved by the Tokyo District Court on Nov. 16, 2021.

Whether the claimant wants to receive early lump-sum repayment or not, which usually involves receiving a certain amount in one single payment; Whether to receive repayment for a portion of claims involving crypto in Bitcoin or Bitcoin Cash or not, and registration of user information from crypto exchanges or custodian.

It should be noted that no exact dates, figures or amount of funds planned to be returned are specified in the document.After the publication of updated information from Mt. Gox, the opinions of crypto market participants are divided. Many believe that this is anon the quotations of cryptocurrencies, which are already at their bottom.

 

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