{"id":77941,"date":"2023-04-27T13:12:21","date_gmt":"2023-04-27T10:12:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77941"},"modified":"2025-09-11T02:08:53","modified_gmt":"2025-09-10T23:08:53","slug":"analysts-see-a-limited-impact-from-mt-gox-compensation-payouts","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/analysts-see-a-limited-impact-from-mt-gox-compensation-payouts\/","title":{"rendered":"Analysts see a limited impact from Mt.Gox compensation payouts"},"content":{"rendered":"<p>Payouts to Mt.Gox creditors affected by the bankruptcy will have a limited impact on Bitcoin&#8217;s price, according to Matrixport analysts.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">1\/10: <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> crashed -8% in minutes on news that \u00abwallets belonging to <a href=\"https:\/\/twitter.com\/hashtag\/MtGox?src=hash&#038;ref_src=twsrc%5Etfw\">#MtGox<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/US?src=hash&#038;ref_src=twsrc%5Etfw\">#US<\/a> government are making transactions.\u00bb <a href=\"https:\/\/t.co\/PwQvzOtYQE\">pic.twitter.com\/PwQvzOtYQE<\/a><\/p>\n<p>\u2014 Matrixport (@realMatrixport) <a href=\"https:\/\/twitter.com\/realMatrixport\/status\/1651435299627732992?ref_src=twsrc%5Etfw\">April 27, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Experts reacted to an 8% drop in the price of the first cryptocurrency on April 26. Many linked the move to rumors of sales of digital gold from U.S. government wallets and Mt.Gox clients.<\/p>\n<p>Matrixport stressed that the market had anticipated such a turn, so a material impact on quotes should not be expected. They advised taking advantage of the price drop to buy in anticipation of a return to prior levels once the rumors are debunked.<\/p>\n<p>Experts noted that only a small portion of the stolen coins has been recovered as part of the civil rehabilitation process. Of 850,000 BTC ($500 million at the time), the trustee had only 25% of the proceeds from the hack \u2014 200,000 BTC ($5.79 billion).<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00abSince not all stolen bitcoins have been recovered, only part of the initial amount held by creditors will be compensated,\u00bb<\/em> the analysts noted.<\/p>\n<\/blockquote>\n<p>Clients will receive the base payment with four options for obtaining the remaining portion of their funds. The timelines for base, interim and early lump-sum payments may be adjusted with the permission of the Tokyo District Court.<\/p>\n<p>The compensation process is scheduled to run <a href=\"https:\/\/u1f987.com\/en\/news\/mt-gox-trustee-announces-start-of-compensation-payments\"> until October 31, 2023<\/a>. At present, Mt.Gox holds 142,000 BTC ($3.9 billion), 143,000 BCH ($17.9 million) and \u00a569 billion ($523 million) \u2014 about 20% of the hack.<\/p>\n<p>Earlier UBS<a href=\"https:\/\/u1f987.com\/en\/news\/ubs-doubts-large-bitcoin-risk-from-mt-gox-payouts-to-clients\"> doubted<\/a> material risks to Bitcoin from payments to platform clients.<\/p>\n<p>Bloomberg noted that the largest creditor of the bankrupt exchange intends<a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-mt-goxs-largest-creditor-plans-to-hold-returned-bitcoins\"> to retain<\/a> the returned coins.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payouts to Mt.Gox creditors will have a limited impact on Bitcoin&#8217;s price, according to Matrixport analysts.<\/p>\n","protected":false},"author":1,"featured_media":77942,"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":[480,989,136],"class_list":["post-77941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-matrixport","tag-mtgox"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77941","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=77941"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77941\/revisions"}],"predecessor-version":[{"id":77943,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77941\/revisions\/77943"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77942"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}