Mt.Gox bankruptcy repayment advances

The Mt. Gox bankruptcy trustee issued an announcement stating that following July 5 and July 16, the bankruptcy trustee had repaid BTC and BCH to some creditors to the designated cryptocurrency exchange according to the reorganization plan on July 24. As of Currently, more than 17,000 creditors have been paid via Bitcoin and Bitcoin Cash.

Regarding the repayment progress of other creditors, the Mt. Gox bankruptcy trustee stated that it will confirm the validity of the accounts registered by creditors, etc., and verify the designated cryptocurrency transactions. Creditors will need to wait for a while.

The Mt.Gox address was found to have transferred a total of approximately 10,216 Bitcoins to Bitstamp on the 23rd and 24th. Then Bitstamp announced yesterday that it would start distributing BTC and BCH to creditors who registered with Bitstamp to receive compensation from the 25th, which led to market uncertainty. Concerns about selling pressure linger.

According to statistics from on-chain analyst Ember, as of the 24th, 61,558.9 BTC have been transferred to exchanges that perform compensation distribution, and 51,342.8 BTC entering Bitbank, SBI VC Trade, and Kraken have completed compensation distribution to creditors. Currently, Mt. Gox still has 80,126 BTC that have not yet been transferred out (141,686 BTC, nearly 44% of which has been repaid) to the exchange that performs compensation distribution