El exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Mt. Gox released a document detailing some key aspects of the compensation plan, which will formally begin in August of this year and will offer victims part of the reimbursement in Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. o Bitcoin Cash.
- Indemnity Plan of Mt. Gox starts in August.
- The exchange will compensate the victims and part of the amount will be transferred in BTC o BCH.
- Analysts fear that this could lead to a drop in the price of BTC.
Mt. Gox, the Japanese exchange that went bankrupt in 2014 following the alleged theft of the bitcoins hosted on its accounts, recently released more details about its targeted compensation plan for users of the platform, which will begin next August this year.
Mt. Gox will start with compensation from August onwards
In this regard, the Mt. Gox indicated that the rehabilitation trustee, Nobuaki Kobayashi, is already preparing to make the corresponding reimbursements in accordance with the plan previously approved by the exchange’s board.
In this regard, Kobayashi published a document setting out some guidelines on the repayment procedure, including that creditors may receive the compensation in fiat, but a part of it may be paid in Bitcoin or in Bitcoin Cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. as applicable to each case.
The official also added that there will be a reference period of restriction, which will be extended until all or most of the awards are completed, so no further applications or claims will be accepted until the end of that period.
Tengamos presente que el plan de reembolsos se aprobó definitivamente a finales del año pasado, ante lo cual Kobayashi aseguró que la propuesta sería “final and binding”. . At the time, the Japanese trustee’s lawyer extended his thanks to the parties involved and commented:
“ The Rehabilitation Trustee wishes to express its sincere appreciation to all parties involved for their understanding and support, which led to the Rehabilitation Plan becoming final and binding. The Rehabilitation Trustee will reimburse rehabilitation creditors who have allowed rehabilitation claims under the Plan. “.
More Bitcoin comes to the market an area or arena, online or offline, in which commercial dealings are conducted. in the midst of the fall
One aspect that has been pointed out by several analysts and enthusiasts about the plan for the Mt. Gox is that this comes at a very complex time for the market, and that although the victims will finally be able to receive compensation after seven years of the events that occurred, this could have a counterproductive effect on the price of Bitcoin and other cryptocurrencies.
In this regard, they emphasize that the BTC distributed among the indemnified could eventually reach the market during this bearish period, increasing supply and potentially leading to a fall in the price of the main digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency, an effect that could also be felt among the main altcoins.
As it remains to be seen when the severance plan officially begins, the CEO of CryptoQuant, Ki Young Ju, provided stakeholders with a tool to detect when Mt. Gox start rotating funds BTC and they leave your public address.
Even though the fear of more people arriving in the BTC to the market is present, when the rehabilitation plan was discussed at the end of 2021 several dismissed the thesis of a detrimental effect. However, the current situation is very different, and the price of Bitcoin fell by more than 60% from the all-time highs seen in November last year.
At the time of editing, each unit of Bitcoin se cotiza en unos USD $21.597 por unidad y registra un aumento del 6,6% en las últimas 24 horas.
- After 7 years, Mt. Gox exchange victims will finally get a refund
- Mt. Gox hacking hacking is the process of using a computer to manipulate another computer or computer system in an unauthorized fashion. victims have until October to vote on reimbursement plan
- Mt. Gox victim sues Craig Wright over alleged ties to 2011 hacking
Version by Angel Di Matteo / DiarioBitcoin
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