{"id":75261,"date":"2023-03-09T12:34:24","date_gmt":"2023-03-09T10:34:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75261"},"modified":"2025-09-10T10:37:41","modified_gmt":"2025-09-10T07:37:41","slug":"bloomberg-mt-goxs-largest-creditor-plans-to-hold-returned-bitcoins","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bloomberg-mt-goxs-largest-creditor-plans-to-hold-returned-bitcoins\/","title":{"rendered":"Bloomberg: Mt. Gox&#8217;s Largest Creditor Plans to Hold Returned Bitcoins"},"content":{"rendered":"<p>Mt. Gox&#8217;s largest creditor plans to hold onto the bitcoins that are due to be returned in autumn 2023. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-08\/bankrupt-mt-gox-s-biggest-creditor-won-t-sell-returned-bitcoin-btc?utm_content=crypto&#038;utm_source=twitter&#038;utm_medium=social&#038;utm_campaign=socialflow-organic#xj4y7vzkg&#038;leadSource=uverify%20wall&#038;leadSource=uverify%20wall\" title=\"\">Bloomberg<\/a> reports.<\/p>\n<p><!--more--><\/p>\n<p>According to sources, Mt Gox Investment Fund will receive 90% of the lost investments, in an approximate split of 70% Bitcoin and 30% fiat. The exact amount of the recovery is not specified, but journalist Colin Wu estimates it could reach 30,000 BTC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Mt. Gox&#8217;s largest creditor, Mt Gox Investment Fund, plans to hold rather than sell bitcoin that will be paid off September this year. The fund and Bitcoinica together accounted for one-fifth of the total amount, about 30,000 bitcoins. <a href=\"https:\/\/t.co\/UmaoFeI6mS\">https:\/\/t.co\/UmaoFeI6mS<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1633631127838814209?ref_src=twsrc%5Etfw\">March 9, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the updated Mt. Gox announcement, the remaining creditors must decide by April 6 when and in what form payments will be made. They may receive their assets early by October 31, 2023 at a lower rate, or wait for the conclusion of the court process. Earlier filing deadlines had been <a href=\"https:\/\/u1f987.com\/en\/news\/mt-gox-extends-deadlines-for-compensation-claims\">set for March 10<\/a>.<\/p>\n<p>The once-largest Bitcoin exchange Mt. Gox collapsed in early 2014. This followed reports of its alleged hacking and the theft of 800,000 BTC ($480 million at the time).<\/p>\n<p>The process of compensating creditors began in 2018. Thereafter, concerns about a potential market downturn after the return of 150,000 BTC (~$3.2 billion at the time of writing) began to emerge in the community.<\/p>\n<p>Nevertheless, UBS analysts stated that the forthcoming Mt. Gox payments <a href=\"https:\/\/u1f987.com\/en\/news\/ubs-doubts-large-bitcoin-risk-from-mt-gox-payouts-to-clients\">are not a cause for concern<\/a>. Some creditors may increase selling pressure, but their actions will be less concentrated and do not pose a significant threat to the price of the leading cryptocurrency, the firm explained. <\/p>\n<p>Back in July 2022, Mt. Gox trustee Nobuaki Kobayashi <a href=\"https:\/\/u1f987.com\/en\/news\/mt-gox-trustee-begins-preparations-to-reimburse-creditors\">began preparations<\/a> for compensation payments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mt. Gox&#8217;s largest creditor plans to hold onto the bitcoins.<\/p>\n","protected":false},"author":1,"featured_media":75262,"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":[18,136],"class_list":["post-75261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-mtgox"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75261","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=75261"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75261\/revisions"}],"predecessor-version":[{"id":75263,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75261\/revisions\/75263"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/75262"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=75261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=75261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=75261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}