Contrary to rumors, Mt. Gox Nobuyaki Kobayashi has not committed to distributing funds as part of the civil rehabilitation process. This was stated by Eric Wall, one of the creditors of the bankrupt bitcoin exchange.

As right now, you can’t even save where (what exchange) you want your BTC & BCH to be sent.

— Eric Wall (also supports X 🏴) (@ercwl) 27 August 2022

“Mt. Gox does not distribute coins – not this week, not next, not next. Source: I am a lender [платформы]. The refund system has not been started yet. […] Right now you can’t even specify where (which exchange) you want to send your BTC and BCH to,” he wrote.

Earlier, rumors appeared on the network that 140,000 BTC, which will take place on August 28, will be distributed among the creditors of the platform. This is probably due to Kobayashi’s statement in July – then marking the “end of August” as the beginning of the “restrictive period”.

Voll emphasized that the payments will be made in tranches, and an exact date has not yet been announced. Some participants in the process made their claims to Mt. Gox by Castle.

This information was confirmed by another stock market creditor, Marshall Heiner, the founder of the Metallicus project.

I am a creditor of Mt. Can confirm that Gox and we are not close to getting #Bitcoin. Like me, most people have no intention of selling. Don’t believe what influencers on Twitter tell you.

— Marshall ℙ Hayner ⚛️Ⓜ️ (@MarshallHayner) 28 August 2022

“I am a lender to Mt. Gox and I can confirm that we are not close to receiving our bitcoins. Most people, like me, won’t sell. Don’t believe what influencers on Twitter tell you,” he wrote.

Some cited possible payments to creditors as one of the reasons for the recent drop in the price of digital gold. At the same time, some community members are confident that the additional 140,000 BTC influx into the market will not put significant pressure on bids.

Mt. Gox releasing 140k BTC tomorrow is probably fake news because there is no defined date, the refund system is not active yet, it could take months to be released.

However, even assuming it will be released, this is an unnecessary fear as the daily trading volume of bitcoin is >1.5M BTC. pic.twitter.com/VquVZHtFuo

– quirks ⋈ (@oddgems) 27 August 2022

On the last day, bitcoin prices are moving in the $19,800-20,280 range. At the time of writing, the asset is trading around $20,000.

Recall that Mt.Gox filed for bankruptcy in 2014. The civil rehabilitation process was initiated in 2018.

A few years later, in 2020, Kobayashi presented a plan to recover funds from creditors in Tokyo court and approved the document. At that time, 137,891 BTC was stored in the Mt.

Concerns have been raised repeatedly in the community that the initiation of payments to Mt.Gox creditors will put pressure on the bitcoin price, as many may start selling their holdings after receiving them.

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