News update.

Is there anyone left in the forum who closely knows with this case? Does this imply that there is this possbility that a large portion of those lost bitcoin will be sold to the market. I do not want to use the word dump on this might be serious issue.



CoinLab Cuts Deal With Mt. Gox Trustee Over Bitcoin Claims

Offer is for 90% of remaining Bitcoin tied up in bankruptcy

Creditors seeking to regain Bitcoin lost on the Japanese exchange Mt. Gox in 2014 have a chance to get their digital assets back before legal claims are settled.

CoinLab Inc. said an agreement with Nobuaki Kobayashi, the trustee to the Mt. Gox bankruptcy, and MGIFLP, a unit of Fortress Investment Group LLC, will allow creditors to consider an offer of as much as 90% of the remaining Bitcoin tied up in the bankruptcy.

Source https://www.bloomberg.com/news/articles/2021-01-15/coinlab-reaches-deal-with-mt-gox-trustee-over-bitcoin-claims