Mt Gox creditors reach agreement with Coinlab.. BTC released on the market?

[출처: 셔터스톡]

Bloomberg reporter Matt Leising posted a tweet on January 16 (local time) stating that Mt. Gox creditors reached an agreement with CoinLab, the cryptocurrency media BitFushi said. . he is Twitter“CoinLab can claim 90% bitcoin reimbursement from Mount Gox on the premise that the creditors accept it, and Coinlab and Mount Gox creditors have reached this bitcoin reimbursement agreement.”

#Approximately $4.9 billion worth of bitcoins will be allocated to all users

According to this content, it is estimated that a total of 137891 BTC (approximately $4.9 billion worth) will be allocated to Mount Gox users. Mount Gox was once the largest bitcoin exchange in the world, and in February 2014, the exchange was shut down due to a hacker attack and filed for bankruptcy protection.

2014Since the year, the price of bitcoin has risen sharply. When these creditors are rewarded with bitcoins, they can sell them to the market to realize their profits, which can then act as a selling pressure on the entire market.

Coinlab has partnered with Mount Gox since November 2012 to provide transaction services to customers in North America. However, in 2013, CoinLab sued Mount Gox in court for violating the contract. The civil compensation process has been delayed for several years as CoinLab originally increased the amount of compensation from $75 million to $16 billion.

2019Mark Karpeles, former CEO of Mount Gox, pointed out that the biggest hurdle for creditor reparations is the US company CoinLab. “The real progress on compensation depends on CoinLab. CoinLab is a company affiliated with Mount Gox to serve American customers. However, it turned out that CoinLab did not obtain the corresponding license (to serve US customers). “After Mount Gox went bankrupt, Coinlab filed a new $16 billion in compensation for Mount Gox, which hampered all compensation proceedings.”

However, as consensus is reached, these obstacles are likely to be resolved. However, the bitcoins acquired by creditors can flow into major cryptocurrency exchanges for sale. That could even end the bull market that has been going on over the past few months. The end of the Bitcoin bull market several times in the past has something to do with Mount Gox. It is a point to see if history will repeat itself this time.


Source