{"id":505416,"date":"2022-10-08T06:39:11","date_gmt":"2022-10-08T06:39:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=505416"},"modified":"2024-06-11T14:27:15","modified_gmt":"2024-06-11T14:27:15","slug":"will-mt-gox-release-the-140k-btc-on-january-2023-repayment-methods-revealed","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/will-mt-gox-release-the-140k-btc-on-january-2023-repayment-methods-revealed\/","title":{"rendered":"Will Mt. Gox Release The 140K BTC In January 2023? Repayment Methods Revealed"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Mt. Gox hack was a watershed moment for bitcoin. And the future repayment to the affected people will surely be another one. Since we\u2019re in a bear market, most people worry about what effect will those 140K BTC will have on the price. Will the Mt. Gox class prove to be holders or will they sell it all as soon as they get it? That\u2019s a question for another day, since the Mt. Gox class has until January 10th, 2023, to complete registration and select their preferred payment method.<\/span><\/p>\n<div class=\"related-reading-shortcode\" style=\"text-align: center\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/mt-gox-gets-approval-to-return-141686-to-victims-affected-in-2014-hack\/\">Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack<\/a><\/div>\n<p><span style=\"font-weight: 400\">The last time <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/a-date-for-the-mt-gox-repayment-is-set-how-will-this-affect-bitcoin\/\"><span style=\"font-weight: 400\">we reported on the issue<\/span><\/a><span style=\"font-weight: 400\">, attorney-at-law Nobuaki Kobayashi was appointed as the Rehabilitation Trustee and the repayment procedures were expected to begin on September 15th. NewsBTC also informed that \u201cthe Mt. Gox bitcoin repayments will happen over a period of time, putting only a portion into circulation at a time. This will see that there is a much lesser impact from the BTC coming into the market and wouldn\u2019t tank the price of BTC.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">This time, we\u2019ll learn about the repayment methods and the full KYC procedures that the Mt. Gox class is going through to get that sweet vintage BTC.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Mt. Gox Hack Repayment Options<\/span><\/h2>\n<p><span style=\"font-weight: 400\">It\u2019s hard to believe, but it seems that after all these years the Mt. Gox story will come to an end. Ok, there\u2019s been postponement after postponement and a million new requirements, but there\u2019s also been progress. This time, <\/span><a href=\"https:\/\/www.mtgox.com\/img\/pdf\/20221006_announcement_en.pdf\" rel=\"nofollow\"><span style=\"font-weight: 400\">Mt. Gox announced<\/span><\/a><span style=\"font-weight: 400\">, \u201cRegarding repayment under the Rehabilitation Plan (\u201cRepayment\u201d), the Rehabilitation Trustee has launched a function for creditors to select a repayment method and to register payee information.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The creditors \u201cwho wish to receive Repayment\u201d will have to <\/span><a href=\"https:\/\/claims.mtgox.com\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">go here<\/span><\/a><span style=\"font-weight: 400\"> and complete the \u201cSelection and Registration\u201d form before January 10th. This is more than mandatory. \u201cIf you do not complete the necessary Selection and Registration, you will not be able to receive any of the Repayments below, and you will need to bring the required documents to the MTGOX Co., Ltd. head office.\u201d They will also have to \u201creceive Repayment in Japanese yen (cash).\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other hand, those who complete the forms on time will be able to choose between these repayment methods:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Early Lump-Sum Repayment<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Repayment for a Portion of Cryptocurrency Rehabilitation Claims in Cryptocurrency<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Repayment by Bank Remittance<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Repayment by Remittance through a Fund Transfer Service Provider\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">It\u2019s also worth noting that to receive payment in the selected method, these three names have to coincide:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">\u201cCreditor Name (the name notified to the Rehabilitation Trustee by the rehabilitation creditor)\u201d<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">\u201cName of Payee information (Name of the receipt bank account for a bank remittance, the account of a fund transfer service provider, and the cryptocurrency exchange\/custodian account, etc.)\u201d<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">\u201cName set forth in the identification documents submitted by the rehabilitation creditor to verify identity using the service provided by Onfido PTE Ltd.\u201d<\/span><\/li>\n<\/ul>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-505419 aligncenter\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-08_03-26-58.png?resize=460%2C256\" alt=\"BTCUSD price chart for 10\/08\/2022 - TradingView\" width=\"460\" height=\"256\"><\/p>\n<pre style=\"text-align: center\">BTC price chart for 10\/08\/2022 on Gemini | Source: BTC\/USD on <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<h2><span style=\"font-weight: 400\">How Will Repayment Affect The Bitcoin Market?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The 140K BTC that Mt. Gox will release into the wild will for sure affect the bitcoin price, but maybe not as much as people fear. The different payment methods guarantee that everything will happen gradually. And the Mt. Gox class consists of early bitcoiners. They might\u2019ve learned something along the way and not be so eager to sell their BTC. Those coins appreciated considerably since the Mt. Gox hack, but the price might go even higher in the future.<\/span><\/p>\n<div class=\"related-reading-shortcode\" style=\"text-align: center\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/bnb\/binance-hacker-put-millions-of-new-bnb-in-circulation-what-does-this-mean-for-price\/\">Binance Hacker Put Millions Of New BNB In Circulation, What Does This Mean For Price?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Of course, a portion of the creditors will immediately take some profit. However, they forcibly waited since 2014 for those BTCs. Is there a rush to sell at these prices? Patience is a virtue. <\/span><\/p>\n<pre style=\"text-align: center\">Featured Image: Mt. Gox logo <a href=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/d\/dc\/MtGox.png\" rel=\"nofollow\">from Wikimedia<\/a> | Charts by <a href=\"https:\/\/www.tradingview.com\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The Mt. Gox hack was a watershed moment for bitcoin. And the future repayment to the affected people will surely be another one. Since we\u2019re in a bear market, most people worry about what effect will those 140K BTC will have on the price. Will the Mt. Gox class prove to be holders or will they sell it all as soon as they get it? That\u2019s a question for another day, since the Mt. Gox class has until January 10th, 2023, to complete registration and select their preferred payment method. Related Reading: Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack The last time we reported on the issue, attorney-at-law Nobuaki Kobayashi was appointed as the Rehabilitation Trustee and the repayment procedures were expected to begin on September 15th. NewsBTC also informed that \u201cthe Mt. Gox bitcoin repayments will happen over a period of time, putting only a portion into circulation at a time. This will see that there is a much lesser impact from the BTC coming into the market and wouldn\u2019t tank the price of BTC.\u201d This time, we\u2019ll learn about the repayment methods and the full KYC procedures that the Mt. Gox class is going through to get that sweet vintage BTC. Mt. Gox Hack Repayment Options It\u2019s hard to believe, but it seems that after all these years the Mt. Gox story will come to an end. Ok, there\u2019s been postponement after postponement and a million new requirements, but there\u2019s also been progress. This time, Mt. Gox announced, \u201cRegarding repayment under the Rehabilitation Plan (\u201cRepayment\u201d), the Rehabilitation Trustee has launched a function for creditors to select a repayment method and to register payee information.\u201d The creditors \u201cwho wish to receive Repayment\u201d will have to go here and complete the \u201cSelection and Registration\u201d form before January 10th. This is more than mandatory. \u201cIf you do not complete the necessary Selection and Registration, you will not be able to receive any of the Repayments below, and you will need to bring the required documents to the MTGOX Co., Ltd. head office.\u201d They will also have to \u201creceive Repayment in Japanese yen (cash).\u201d On the other hand, those who complete the forms on time will be able to choose between these repayment methods: Early Lump-Sum Repayment Repayment for a Portion of Cryptocurrency Rehabilitation Claims in Cryptocurrency Repayment by Bank Remittance Repayment by Remittance through a Fund Transfer Service Provider\u00a0\u00a0 It\u2019s also worth noting that to receive payment in the selected method, these three names have to coincide: \u201cCreditor Name (the name notified to the Rehabilitation Trustee by the rehabilitation creditor)\u201d \u201cName of Payee information (Name of the receipt bank account for a bank remittance, the account of a fund transfer service provider, and the cryptocurrency exchange\/custodian account, etc.)\u201d \u201cName set forth in the identification documents submitted by the rehabilitation creditor to verify identity using the service provided by Onfido PTE Ltd.\u201d BTC price chart for 10\/08\/2022 on Gemini | Source: BTC\/USD on TradingView.com How Will Repayment Affect The Bitcoin Market? The 140K BTC that Mt. Gox will release into the wild will for sure affect the bitcoin price, but maybe not as much as people fear. The different payment methods guarantee that everything will happen gradually. And the Mt. Gox class consists of early bitcoiners. They might\u2019ve learned something along the way and not be so eager to sell their BTC. Those coins appreciated considerably since the Mt. Gox hack, but the price might go even higher in the future. Related Reading: Binance Hacker Put Millions Of New BNB In Circulation, What Does This Mean For Price? Of course, a portion of the creditors will immediately take some profit. However, they forcibly waited since 2014 for those BTCs. Is there a rush to sell at these prices? Patience is a virtue. Featured Image: Mt. Gox logo from Wikimedia | Charts by TradingView<\/p>\n","protected":false},"author":539,"featured_media":505417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[87150,1144,87145,87149,3066,87151,3067,86760,87147,3070,8070,87148,87146],"class_list":["post-505416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-140k-btc","tag-btcusd","tag-early-bitcoiners","tag-full-kyc-procedures","tag-mt-gox","tag-mt-gox-140k-btc","tag-mt-gox-hack","tag-mt-gox-repayment","tag-mt-gox-repayment-methods","tag-mt-gox-scandal","tag-nobuaki-kobayashi","tag-rehabilitation-plan","tag-repayment-methods"],"acf":[],"yoast_head":"\n<title>Will Mt. Gox Release The 140K BTC In January 2023? Repayment Methods Revealed<\/title>\n<meta name=\"description\" content=\"The Mt. 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