Hello to my friends who love life and keep smiling despite all negativity. In this article I will tell you about "MT.GOX". I will try to explain it as simply as possible. Let's learn together…
Mt. Gox was the most used Bitcoin exchange in the world for a period. The stock exchange alone accounted for 80 percent of the entire transaction volume during its operating period. In 2014, Mt. Gox suspended all trades, shut down its website and filed for bankruptcy protection. The stock exchange had stolen 850 thousand BTC, 750 thousand of which belonged to its customers. At that time Mt. A large number of users, mostly Americans, lost their Bitcoins on Gox. For 7 years Mt. A process was in progress for payment to creditors at Gox.
Before it went bankrupt in 2014, Mt. CoinLab, which carried out Gox's activities in the USA and Canada for a while, after a long legal war, Mt. Gox announced that an agreement was reached with its creditors.
According to Bloomberg, Mt. Gox will give creditors the option to claim 90 percent of their remaining Bitcoins on the exchange.
Reporter at Matt Leising Bloomberg News
Mt. The agreement between the Gox board of trustees and MGIFLP, a unit of Fortress Investment Group, will be presented to creditors for a simple yes-no vote.
According to CoinLab, which announced the deal but was not included, investors do not have to receive early payments and Mt. They can wait for the cases against Gox to be resolved.
In finishing…
Mt. There is no clear statement about how much Bitcoin the creditors can claim in Gox. However, Mt. It is known that Gox has approximately 140 thousand BTC in their wallets. If these BTCs pass to creditors, I anticipate that Bitcoin will face a selling pressure and therefore a significant decrease in price may occur.
As I always said, listen to everyone, decide for yourself ...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch… Take care of yourself so that you and the people around you are happy…
Posted Using LeoFinance Beta
That would influence the price so much, then we should expect a massive dump is this goes through.
Posted Using LeoFinance Beta
I agree. It is necessary to follow the developments.
Posted Using LeoFinance Beta
I just know that two days ago the Bankruptcy trustee from Japan announced a rehabilitation plan that will compensate MtGox creditors with 21% of their BTC and BCH holdings. I don´t know anything about the 90% reclaim from CoinLab. A lot of the people that were in Bitcoin during MtGox time might be die-hard cryptoenthusiasts that are not going to sell directly. I would really appreciate to get a 90% reclaim, and have no fear for a huge price-drop - if it would happen, it would be a good chance to buy...
Posted Using LeoFinance Beta
It is a good time for after-sales purchases. I've been following for a few days. to buy bitcoin
Posted Using LeoFinance Beta
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