Mt. Gox will no longer sell bitcoins

Mt. Gox will no longer sell bitcoins

The process of comensoli funds for the victims of the hacking of the Japanese cryptocurrency exchange Mt. Gox, which was led by, Nobuaki Kobayashi, is entering its final stage, during which starts the payment of compensation to the users.

But more importantly, Kobayashi ceases to sell the remaining bitcoins. As it was decided that the payment be made in bitcoin, not in Fiat money.

, Nobuaki Kobayashi made the following statement about this:

The power and authority for the management and disposal of the assets of MTGOX remains only for me me and I’ll be responsible for the payment of compensation, including asset management and MTGOX claims investigation, under the supervision of the Tokyo district court.

Recall that according to one theory it is the sale of the assets of the former bitcoin exchange, which was led by Kobayashi caused a drop in the exchange rate of bitcoin.

A group of applicants in the bankruptcy case, who founded Mt. Gox Creditors, while happy to progress, but do not consider it a complete victory:

We can call it a victory when Mt. Gox will repay all funds to the creditors.

Cryptocurrency exchange Mt. Gox was hacked in 2014, causing the loss of customers amounted to 473 million U.S. dollars.

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