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Showing posts from January, 2021

Earlier MtGox payouts? No thanks to CoinLab

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The MtGox civil rehabilitation trustee recently submitted a draft rehabilitation plan for distributing the assets of MtGox. The plan is not final and is currently being reviewed by the Japanese court, following which it will also need to be voted on by all creditors, and after that the practical matters of registering for payouts needs to happen, so this does not mean payouts are imminent or that the trustee is about to dump coins on the market. This always has to be explicitly pointed out as some so-called journalists love spreading FUD about this for clicks. I have followed the MtGox bankruptcy and civil rehabilitation process closely since its beginning, in addition to extensively investigating the MtGox collapse itself. While the rehabilitation plan is meant to be for creditor discussion only, I feel compelled to publicly counter some of the bad takes and outright lies and misinformation being spread on this topic. If you are a MtGox creditor, I’ll lat