Post
Topic
Board Speculation
Re: Today more BTC were sold than MtGox will pay out in July ...
by
pawel7777
on 27/06/2024, 17:36:40 UTC
141687 BTC
https://bitinfocharts.com/bitcoin/address/1AsHPP7WcGnDLzxW2bUa2FcbJP3eZVEqpx
https://bitinfocharts.com/bitcoin/address/16eAGJEjqsUqngMfcysQECvp7TMU37P9gX
https://bitinfocharts.com/bitcoin/address/1HeHLv7ZRFxWUVjuWkWT2D5XFbXXvHoV68

142,846 BCH
https://bitinfocharts.com/bitcoin%20cash/address/1Ci9S6XfXSVk3WpyPVM8eqXJ4NfWZhY37

I don't understand why some authors still speculate on the amounts, we had hundreds of pages from the bankruptcy claims and trustee plan, and all the finances are out in the open to the last yen, why so much confusion?
Again, up to this date they haven't sold or distributed a thing!

Thanks!

But maybe the amount they hold in wallets doesn't have to be equal to what they are set to distribute.
I wasn't Mt Gox's customer and I don't have a clue on the bankruptcy details, but I remember it was reported years ago that liabilities to creditors have been denominated in fiat currency (I believe it was Japanese Yen) at the bitcoin's market value at the time. So when Bitcoin started to go sharply up, it turned out that the stash the Mt Gox had left was not only enough to satisfy all creditors, but Mark Karpeles could actually end up with a massive profit.
I don't know how that unfolded though. I hope that creditors managed to get their holdings to be considered in bitcoins, not fiat, but if some of them opted to be compensated in fiat years ago, then it's possible that only a portion of that 141,687 will get distributed.