BlockBeats News, October 20th. According to CryptoSlate, Mt. Gox’s trustee must complete the Bitcoin creditors’ basic repayment, early lump-sum repayment, and midterm repayment processes by October 31st. Approximately 34,689 BTC is still held in the associated wallet. Bitcoin and Bitcoin Cash will be distributed through Bitstamp, Kraken, or cash payments, with some being managed through BitGo.
Historical data shows that about 64.1% of the funds were once transferred to CEX. If applied to the remaining balance, a worst-case scenario would involve approximately 22,253 BTC being liquidated simultaneously, with a potential sell-off of about $2.4 billion. Kraken and Bitstamp have processing windows of up to 90 days and 60 days, respectively. The actual receipt of funds will be staggered in batches and may also potentially be processed through custody or OTC routes to avoid impacting the order book.
