January 17, 2021

Earlier MtGox payouts? No thanks to CoinLab

The MtGox civil rehabilitation trustee recently submitted a draft rehabilitation plan for distributing the assets of MtGox. The plan is not final and is currently being reviewed by the Japanese court, following which it will also need to be voted on by all creditors, and after that the practical matters of registering for payouts needs to happen, so this does not mean payouts are imminent or that the trustee is about to dump coins on the market. This always has to be explicitly pointed out as some so-called journalists love spreading FUD about this for clicks.