{"id":74255,"date":"2023-02-17T12:55:48","date_gmt":"2023-02-17T10:55:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74255"},"modified":"2025-09-09T19:00:28","modified_gmt":"2025-09-09T16:00:28","slug":"bloomberg-top-mt-gox-creditor-opts-for-bitcoin-payout","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bloomberg-top-mt-gox-creditor-opts-for-bitcoin-payout\/","title":{"rendered":"Bloomberg: Top Mt. Gox creditor opts for Bitcoin payout"},"content":{"rendered":"

The largest creditor of the defunct cryptocurrency exchange Mt. Gox has chosen an early Bitcoin payout. Bloomberg reports, citing its own source.<\/p>\n

According to him, the Mt. Gox Investment Fund decided not to wait for the platform’s litigation to conclude, which could take up to nine years. The fund will receive 90% of the amount due to it by the end of September 2023.<\/p>\n

In the long term, the payouts could yield a higher recovery rate.<\/p>\n

The agency noted that the fund’s selection to receive payouts in cryptocurrency reduces concerns about selling pressure that could weigh on the price.<\/p>\n

The creditors of the exchange must decide by March 10<\/a> in what form they are willing to receive the compensation.<\/p>\n

Mt. Gox, once the largest Bitcoin exchange, collapsed in early 2014 after reports of its alleged hack and the theft of 800,000 BTC (about $480 million at the time).<\/p>\n

The process of reimbursing creditors began in 2018. Since then, many in the community have warned that about 150,000 BTC (~$3.6 billion at the time of writing), which could be handed to exchange users, would hit the market and trigger a collapse.<\/p>\n

Earlier, Mt. Gox custodian Nobuaki Kobayashi began preparing<\/a> for compensation payments in July 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

The largest creditor of the defunct cryptocurrency exchange Mt. Gox has chosen an early Bitcoin payout, Bloomberg reports citing its own source.<\/p>\n","protected":false},"author":1,"featured_media":74256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[136],"class_list":["post-74255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-mtgox"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=74255"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74255\/revisions"}],"predecessor-version":[{"id":74257,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74255\/revisions\/74257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74256"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}