Recently, according to the content of a letter spread on Twitter, MtGox will begin repaying Bitcoin and Bitcoin Cash debt from July. This deadline is earlier than the originally scheduled deadline of October 31.
As Allinstation reported, previously in late May, Mt. Gox transferred a total of 141,686.2 BTC (nearly 10 billion USD) to new wallets this morning. Notably, this number is very close to the BTC number in Mt. Gox.
This is most likely a move to consolidate BTC into one wallet, preparing to pay creditors.
Also Read: Bitcoin price adjusts after the move of Mt. Gox (allinstation.com)
MT. Gox, a Bitcoin cryptocurrency exchange, is headquartered in Shibuya (Tokyo) and has been established since 2010. At that time, the platform conducted nearly 70% of all Bitcoin transactions globally .
However, in 2014, Mt. Gox was forced to close due to a cyber attack and lost hundreds of thousands of Bitcoins. The exchange announced that customers lost about 750,000 Bitcoins and the main exchange also lost about 100,000 Bitcoins.
Although nearly 200,000 Bitcoins have been recovered, victims have not been able to get their money back due to legal issues in Japan. It was not until 2021 that the compensation plan was submitted to Japanese courts and approved.
Based on the balance sheet, Mt. Gox currently holds 142,000 BTC, 143,000 BCH and 69 billion Japanese yen.
