Mt. Gox Creditor Dismisses False Report Of Impending 140,000 BTC Release

One of the Mt. Gox creditors, Eric Wall, refuted the information that 140,000 Bitcoins will soon be distributed.

According to him, the payout system has not yet been developed, and not even a list of exchanges where impacted investors can choose to get their rewards is complete. There are currently no set final dates.

More details have been provided by the creditor. He said that payments for BTC and BCH will be made in installments and that some creditors had already sold their claims to Fortress.

Mt. Gox will begin compensating customers for Bitcoin

The day prior, speculations circulated that Mt. Gox will begin compensating customers for Bitcoin today, August 28. The circumstance scared many, who saw the rumor as the Bitcoin market’s “black swan.”

The market has suffered greatly as a result of the Fed’s hawkish remarks at the Jackson Hole symposium, and the panic added to the pressure on Bitcoin and the rest of the market. At the time, the cost of BTC is $20,000.

Based on the July news concerning the exchange’s settlement payments, those in charge of the Mt. Gox bogus news most likely chose to go out in front of the game.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News