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Only 6.5k BTC will be distributed to creditors of Mt. Gox

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by COINS NEWS 80 Views

According to Binance News only 6.5k BTC will be redistributed to creditors of Mt. Gox, not 140k:

As per Thorn's analysis, Mt.Gox lost about 940,000 Bitcoins, which were worth $424 million at the time. To date, 15% of this amount, or 141,868 Bitcoins, have been recovered. Based on calculations, it is estimated that about 95,000 Bitcoins will be used to pay claims. Of these, approximately 20,000 Bitcoins will be distributed to the claim fund, 10,000 Bitcoins will be allocated to Bitcoinica BK, and the remaining about 6,500 will be distributed to individual creditors. This figure of 6,500 is significantly lower than the 141,868 previously reported by the media. Therefore, the final number of tokens distributed as compensation will be lower than market expectations

link: https://www.binance.com/ar/square/post/2024-06-24-final-token-distribution-in-mt-gox-bankruptcy-case-to-be-less-than-expected-9908869400129

EDIT:

It seems our friend at Binance had his numbers confused. As mentioned below, 65k to creditors seems to be the correct amount.

submitted by /u/Petursinn
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