Mt. Gox confirms that the transfer of Bitcoin is in preparation for the October 31 repayment deadline for creditors
ChainCatcher news, according to the official announcement, Mt. Gox has confirmed the transfer of Bitcoin to an unknown address in preparation for repayments to creditors before the deadline on October 31.According to the rehabilitation plan, the rehabilitation trustee is preparing to make repayments for the portion of rehabilitation claims that involves the distribution of cryptocurrency. This repayment means that, depending on the choice of the rehabilitation creditors, either (i) repayment will be made through designated cryptocurrency exchanges, allowing rehabilitation creditors to receive Bitcoin and Bitcoin Cash, or (ii) repayment will be made through the proceeds obtained from the sale of Bitcoin and Bitcoin Cash.Recently, the rehabilitation trustee has received inquiries/deep concerns regarding the management status of Bitcoin and Bitcoin Cash. However, at present, the rehabilitation trustee has neither made repayments through the designated cryptocurrency exchanges as in (i) nor sold Bitcoin and Bitcoin Cash for repayments as in (ii). The rehabilitation trustee is currently managing Bitcoin and Bitcoin Cash in a secure manner.