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Gox confirmed the transfer of the owed Bitcoin and Bitcoin Cash repayments to designated exchanges by the rehabilitation trustee, occurring on J, 24, . Bitcoin is not out of the woods yet from the hands of Mt. Gox. As shown by Arkham’s dashboard, Mt Gox’s BTC holding has fallen from 142,000 BTC at the start of July to 80,000 BTC at the More than 140,000 bitcoin was transferred from Mt. Gox-linked wallets to a new wallet as of early Tuesday, according to Arkham, a research and analytics firm. Creditors To extinguish the spreading rumors, one of the creditors of the Mt. Gox exchange, Eric Wall, commented on the whole scenario. “MtGox is NOT distributing any An individual creditor of Mt. Gox has debunked rumours that the now defunct crypto exchange has started the process of distributing over 137k Bitcoin it holds to its

Mt. Gox Bitcoin Release: Creditor Comments Debunk Rumors of Imminent Distribution

Rumors are swirling again about Mt. Gox finally releasing Bitcoin to its creditors. However, MtGox is NOT distributing any Bitcoin soon, according to creditors. The latest wave of speculation stems from recent Bitcoin movements from Mt. Gox-linked wallets, but the truth is more nuanced.

Recent reports from Arkham intelligence and others highlight significant transfers. More than 140,000 bitcoin was transferred from Mt. Gox-linked wallets to a new wallet as of early Tuesday, according to Arkham, a research and analytics firm. This triggered concerns about potential market impact if a massive Bitcoin dump were to occur.

To extinguish the spreading rumors, one of the creditors of the Mt. Gox exchange, Eric Wall, commented on the whole scenario, stating that no distribution is currently underway. An individual creditor of Mt. Gox has debunked rumours that the now defunct crypto exchange has started the process of distributing over 137k Bitcoin it holds to its creditors.

It's important to understand what is actually happening. Gox confirmed the transfer of the owed Bitcoin and Bitcoin Cash repayments to designated exchanges by the rehabilitation trustee, occurring on J, 24, and the purpose is likely preparation for eventual distribution. However, preparation is not the same as execution.

Arkham’s dashboard indicates that Mt Gox’s BTC holding has fallen from 142,000 BTC at the start of July to 80,000 BTC. This doesn't necessarily mean distribution; it likely represents movement of funds to exchanges for custodial purposes and potential future payouts.

Bitcoin is not out of the woods yet from the hands of Mt. Gox. The potential for a large influx of Bitcoin onto the market still exists, albeit delayed. Keep following credible sources and verified creditor information to stay informed about the actual status of the Mt. Gox rehabilitation process and any confirmed Bitcoin distribution dates.

Avoid speculation and rely on verifiable facts. While the Bitcoin holdings are moving, a mass release and subsequent market dump is NOT currently happening based on creditor comments and official announcements.

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