{"id":505416,"date":"2022-10-08T06:39:11","date_gmt":"2022-10-08T06:39:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=505416"},"modified":"2024-06-11T14:27:15","modified_gmt":"2024-06-11T14:27:15","slug":"will-mt-gox-release-the-140k-btc-on-january-2023-repayment-methods-revealed","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/will-mt-gox-release-the-140k-btc-on-january-2023-repayment-methods-revealed\/","title":{"rendered":"Will Mt. Gox Release The 140K BTC In January 2023? Repayment Methods Revealed"},"content":{"rendered":"

The Mt. Gox hack was a watershed moment for bitcoin. And the future repayment to the affected people will surely be another one. Since we\u2019re in a bear market, most people worry about what effect will those 140K BTC will have on the price. Will the Mt. Gox class prove to be holders or will they sell it all as soon as they get it? That\u2019s a question for another day, since the Mt. Gox class has until January 10th, 2023, to complete registration and select their preferred payment method.<\/span><\/p>\n

Related Reading: Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack<\/a><\/div>\n

The last time <\/span>we reported on the issue<\/span><\/a>, attorney-at-law Nobuaki Kobayashi was appointed as the Rehabilitation Trustee and the repayment procedures were expected to begin on September 15th. NewsBTC also informed that \u201cthe Mt. Gox bitcoin repayments will happen over a period of time, putting only a portion into circulation at a time. This will see that there is a much lesser impact from the BTC coming into the market and wouldn\u2019t tank the price of BTC.\u201d<\/span><\/p>\n

This time, we\u2019ll learn about the repayment methods and the full KYC procedures that the Mt. Gox class is going through to get that sweet vintage BTC.<\/span><\/p>\n

Mt. Gox Hack Repayment Options<\/span><\/h2>\n

It\u2019s hard to believe, but it seems that after all these years the Mt. Gox story will come to an end. Ok, there\u2019s been postponement after postponement and a million new requirements, but there\u2019s also been progress. This time, <\/span>Mt. Gox announced<\/span><\/a>, \u201cRegarding repayment under the Rehabilitation Plan (\u201cRepayment\u201d), the Rehabilitation Trustee has launched a function for creditors to select a repayment method and to register payee information.\u201d<\/span><\/p>\n

The creditors \u201cwho wish to receive Repayment\u201d will have to <\/span>go here<\/span><\/a> and complete the \u201cSelection and Registration\u201d form before January 10th. This is more than mandatory. \u201cIf you do not complete the necessary Selection and Registration, you will not be able to receive any of the Repayments below, and you will need to bring the required documents to the MTGOX Co., Ltd. head office.\u201d They will also have to \u201creceive Repayment in Japanese yen (cash).\u201d<\/span><\/p>\n

On the other hand, those who complete the forms on time will be able to choose between these repayment methods:<\/span><\/p>\n