The Bitcoin (BTC) community has raised concerns about an impending large-scale market dump on the back of circulating misinformation suggesting that defunct BTC exchange Mt. Gox would release its 137,890 BTC ($3.05 billion) starting from March 10. Blockchain surveillance system Lookonchain called attention to this development today.
Mt. Gox creditors may receive repayments from March 10 onward.
Nonetheless, according to a statement, the bankrupt exchange plans to start repayment to creditors starting from Sept. 30. March 10 is only the new deadline for submitting payee information and selecting a repayment method.
According to the latest statement, the Rehabilitation Trustee adjusted the deadline from the earlier Jan. 10 deadline initially announced. Creditors have been advised to coordinate with an exchange to receive their digital assets on their behalf.
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