Mt Gox has confirmed that it is preparing to pay off most of its debts in cryptocurrency. The document is available on the company's website.

In accordance with the previously proposed plan, the trustee of the company, Nobuaki Kobayashi, began preparations to pay off part of the claims. And today’s translations are just preparation:

“As part of the Rehabilitation Plan, the Rehabilitation Trustee is preparing to make payments... Such distributions shall mean, at the option of the Rehabilitation Creditors, either (i) payment through a designated cryptocurrency exchange, etc., receiving BTC and BCH on behalf of the Rehabilitation Creditors, or (ii) payment through the sale of BTC and BCH...

As the Rehabilitation Trustee continues to prepare for the above payments, please allow some time before making them."

It is interesting that the transfers were made first and only then the exchange provided comments on them. This brought uncertainty to the market and added volatility to BTC.

$BTC