Zombit previously reported that Mt. Gox had started sending compensation payments in Japanese yen through PayPal to users who chose cash refunds, and it appears that users who opted for payment in Bitcoin will also soon begin receiving their funds.
According to Yang Mindao, the founder of dForce and also a creditor of Mt. Gox, the bankruptcy trustee of Mt. Gox has sent confirmation letters to creditors regarding ownership of the exchange addresses. Despite previous rumors of Mt. Gox distributing Bitcoin to creditors, which never materialized, Yang Mindao believes that this time it is likely to happen since the cash payment channels have already been activated.
Based on the latest balance sheet of Mt. Gox, it is expected to distribute 141,000 BTC, and if most users choose to receive a lump sum payment, a significant portion of the Bitcoin may be unlocked within the next two months.
Yang Mindao believes that the market will witness the release of both “Mt. Gox’s 141,000 BTC” and “GBTC’s potential 600,000 BTC” in the coming months. Coupled with the Bitcoin halving in April, the supply dynamics of Bitcoin in the next few months are worth paying attention to. However, Yang Mindao also predicts that the impact of Mt. Gox’s Bitcoin unlocking on the market should be limited, as most of the creditor claims have been sold off in the past few years and their prices have already been reflected in the market. Additionally, creditors may have hedged their positions in the derivatives market.
(Note: The article lacks further context and specific details, which may affect the accuracy and completeness of the translation.)
