Bitstamp will aim to distribute Mt. Gox bitcoin ‘as soon as possible’ once it arrives | Headlines | News | CoinMarketCap
07/08/2024 19:38Crypto exchange Bitstamp will aim to distribute its portion of the bitcoin repayments to Mt. Gox creditors swiftly, even though it has up to 60 days …
Crypto exchange Bitstamp will aim to distribute its portion of the bitcoin repayments to Mt. Gox creditors swiftly, even though it has up to 60 days to do so once it receives the coins.
"According to the agreement with the Mt. Gox trustees, Bitstamp has 60 days to distribute the tokens, though we are of course working to make sure those investors are made whole as soon as possible," the exchange said in a statement.
This gives some clues to the somewhat murky timeline of the Mt. Gox repayments, a key question for market participants.
We know that repayments are being processed through five exchanges, which have varying time frames for distributing the coins once they have received them from the trustee. We also know that two Japanese exchanges, Bitbank and SBI VC Trade, have already …