{"id":24431,"date":"2024-07-05T01:00:36","date_gmt":"2024-07-04T22:00:36","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24431"},"modified":"2024-07-05T16:43:38","modified_gmt":"2024-07-05T13:43:38","slug":"mt-gox-creditors-may-wait-up-to-3-months-for-their-bitcoin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/mt-gox-creditors-may-wait-up-to-3-months-for-their-bitcoin\/","title":{"rendered":"Mt. Gox Creditors May Wait Up to 3 Months for Their Bitcoin"},"content":{"rendered":"<p>According to official filings by Mt. Gox&#8217;s rehabilitation trustees, the timeline for distributing BTC and BCH to creditors varies from exchange to exchange. For example, a creditor who chooses Kraken as their exchange may have to wait up to 90 days to receive their coins.<\/p>\n<p>Mt. Gox began sending out payments to exchanges gradually today, with the <a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-crashes-to-53600-due-mt-gox-repayment\/\">Bitcoin<\/a> price falling below $54,000 for the first time in weeks. However, the selling pressure may not be as large as feared. According to an official document shared by the exchange&#8217;s rehabilitation trustees, coins will be distributed to creditors on different timelines depending on the exchange.<\/p>\n<p><strong>Distribution Times Vary from 14 to 90 Days<\/strong><\/p>\n<p>For example, a maximum of 90 days has been allowed for payments to the Kraken exchange. This means that Mt. Gox creditors who request their payments to Kraken could still receive their coins after 90 days. This period is 60 days for the Bitstamp exchange, 20 days for BitGo, and 14 days for SBI VC Trade and Bitbank.<\/p>\n<p><strong>Mt. Gox&#8217;s rehabilitation trustees stated the following on the matter in their filing:<\/strong><\/p>\n<p>&#8220;BTC and BCH that are required to be deposited into the creditor&#8217;s account as part of the rehabilitation process must be added to the balance within a certain period of time. Payments will be made immediately to users who meet certain criteria.&#8221;<\/p>\n<p>Bitcoin is trading at $54,400 at the time of writing.<\/p>\n<div>\n<div>\n<div>\n<p data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em>Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube\u00a0<\/strong><\/a>and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"kk-star-ratings kksr-auto kksr-align-center kksr-valign-bottom\" data-payload=\"{&quot;align&quot;:&quot;center&quot;,&quot;id&quot;:&quot;9025&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;Trump\\u0026#039;s Lawyer Holds Artificial Intelligence Responsible!&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}\">\n<div class=\"kksr-stars\">\n<div class=\"kksr-stars-inactive\">\n<div class=\"kksr-star\" data-star=\"1\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to official filings by Mt. Gox&#8217;s rehabilitation trustees, the timeline for distributing BTC and BCH to creditors varies from exchange to exchange. For example, a creditor who chooses Kraken as their exchange may have to wait up to 90 days to receive their coins. Mt. Gox began sending out payments to exchanges gradually today,<\/p>\n","protected":false},"author":1,"featured_media":23461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,566],"class_list":["post-24431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-mt-gox"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mt. 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