Several Mt. Gox creditors have dispelled rumours of a plan by the exchange to release a considerable stash of Bitcoins owed to creditors later this month, potentially leading to a massive dump on the cryptocurrency.
In the past week, crypto Twitter and other social media spaces have been awash with claims that the now defunct crypto exchange was planning on refunding its original investors. The rumours, which come amidst an already beat-down market, sent shockwaves across the crypto community, with investors afraid that selling those Bitcoins would lead to a broader market carnage.
In a thread of tweets, Eric Wall, one of the many Mt. Gox creditors, dismissed the FUD, confirming that there would not be a 137,000 BTC dump as alluded by several Crypto Twitter influencers. According to Wall, the exchange was yet to complete the repayment system needed to distribute the coins, meaning that creditors would have to wait longer.
“MtGox is NOT distributing any coins this week, or the next...
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