Original - Odaily

Author - Azuma

In the afternoon today, the cryptocurrency market suffered a sharp short-term decline, with Bitcoin falling back below $43,000, and the entire network liquidated more than $30 million in one hour.

Looking at the news trends at the same time, the biggest impact on the market trend was that the market began to spread that some users stated that they had received compensation from Mt. Gox.

As verified by Odaily, in addition to the Reddit user @Free-end 254 who claimed to have received compensation as reported by many media, as early as December 21, many Japanese-speaking users posted on social media claiming to have received compensation. to compensate, including Yuzo Kano, the founder of Japan’s leading exchange bitFlyer.

Free-end 254 claims to have received compensation.

Yuzo Kana said Mt.Gox has begun paying reparations.

The earliest news about the launch of reparations can be found on social media.

Based on the current disclosures from many users, this repayment is in the form of legal currency (Japanese yen), and the payment channel is through PayPal.

Inquiring about the compensation plans disclosed by Mt. Gox in the past, we can see thatIn September this year, Mt. Gox postponed the deadline for compensation (basic repayment, early one-time repayment and mid-term repayment) originally scheduled for October 31, 2023 to October 31, 2024, but it also stated that For creditors who have provided necessary information to Mt. Gox, compensation is expected to begin at the end of this year.

In mid-November, Mt. Gox bankruptcy liquidator Nobuaki Kobayashi once again emailedinform users, is working hard to start cash repayments in 2023. However, given the large number of creditors, the repayment process may continue until 2024. In addition, the specific time for compensation to specific creditors has not been determined, so each creditor cannot be notified in advance of the specific time to receive compensation, but creditors can check the real-time status in their compensation file system.

It is worth mentioning that in another document sent to creditors on November 22, Nobuaki Kobayashi also pointed out that it had redeemed 7 billion yen (worth approximately US$46.9 million) from the bankruptcy trust on November 17 ) for subsequent compensation operations. After the redemption is completed, the value of the remaining assets in the trust will be approximately 8.8 billion yen (approximately US$58.96 million).

Combining the above information, it can be seen thatThe compensation paid by Mt. Gox to some users this time is basically in line with the compensation pace previously announced by Nobuaki Kobayashi, and the funds are likely to come from the 7 billion yen that Nobuaki Kobayashi redeemed from the bankruptcy trust on November 17.

As for whether Mt. Gox is hitting the market? Combined with Unlocks’ tracking of the BTC wallet disclosed by Mt.Gox, it can be seen that the most recent BTC chain activity of the Mt.Gox-related wallet occurred on July 24, 2023, and this transaction only transferred a very small amount. BTC (~$1), it looks more like a check for address control permissions.

Mt.Gox related wallet dynamic tracking.

The most recent transaction involved only a small transfer.

Taken together, the information that can be confirmed so far includes that Mt. Gox has indeed started to compensate some customers after ten years, but the compensation is temporarily in the form of legal currency. The BTC it holds is at least based on the current tracking status on the chain. There were no signs of abnormality.