Starting from May 2024, lenders will begin receiving their bitcoins, but they must adhere to the fiat debt repayment schedule that was in place in March. In April, the platform team provided more details on the payments to its clients. Mt.Gox intends to fulfill its promise of distributing not only bitcoins but also 143,000 BCH and 69 billion yen by October 31, 2024.
Analysts at K33 Research express their concerns that the Mt.Gox-related coins could significantly negatively impact the price in the upcoming weeks, potentially causing market turmoil.
However, the distribution of cryptocurrency among creditors itself may not necessarily result in a negative outcome, as recipients may choose to hold onto their assets instead of rushing to sell, according to experts at K33 Research. Nonetheless, the potential for a decline in the value of the leading cryptocurrency will persist in the coming weeks.
Previously, creditors of the bankrupt Mt.Gox platform shared their experiences on the Reddit blogging platform, reporting the receipt of their initial cryptocurrency debt payments.