One of the creditors of the belated crypto exchange “Mt. Gox”, Eric Wall refuted the rumors that creditors would dump all received bitcoins from their claim on the exchange on the market, which is around 140,000 BTC.
Instead, he revealed that payouts will occur in tranches. He said that the repayment system is not live yet and currently, creditors don’t know about anything where their BTC or BCH will be sent. Also, no official timeline for repayment has been given yet.
Eric Wall mentioned in clear words that Mt. Gox is not distributing “any coins this week, or the next week, or the week after that.”
However, he admitted that some portion of people have decided to sell off their claims to Fortress.
While citing the turmoil in the crypto market, he stated in a tweet, “I’m not selling” cause “prices don’t seem very attractive to sell at right now, I’d rather be buying here than selling.”
He also mentioned the names of some news magazines and individuals to block them on Twitter as they are spreading misinformation in the community.
Last year, the Mt. Gox Rehabilitation Plan originally filed with the Tokyo District Court in February 2022 was finalized. The official document about the repayment plan states that there will be different repayment procedures in place and creditors can choose to receive an early lump-sum repayment.
The official documents require the creditors to register on the system to receive their claims.
