Mt. Gox trustees are set to meet an Oct. 31 deadline to complete repayments to Bitcoin creditors, raising concerns about the potential impact on Bitcoin's supply. Approximately 34,689 BTC remain in Mt. Gox-linked wallets, with the Tokyo court having extended the original deadline by a year due to processing delays. The repayment process involves distributing Bitcoin and Bitcoin Cash through exchanges such as Bitstamp and Kraken, or in cash. Of the initial 142,000 BTC, about 107,000 BTC have already been transferred to recipients. With 59,000 BTC reaching exchanges by July 2024 and 33,000 BTC processed through BitGo, the remaining BTC could be distributed via exchanges, custody, or over-the-counter channels, potentially affecting Bitcoin's market price.
Mt. Gox Repayment Deadline Looms, Potential BTC Supply Impact
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