Mt Gox Doesn’t Sell its Bitcoin Holdings for Compensation Payouts
A verified author on the CryptoQuant analytics platform, known as IT Tech, has revealed that the Bitcoin holdings of the collapsed cryptocurrency exchange, Mt Gox, remain static. This suggests that the exchange’s management doesn’t sell BTC to make compensation payouts to users.
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A verified author on the CryptoQuant analytics platform, known as IT Tech, has revealed that the Bitcoin holdings of the collapsed cryptocurrency exchange, Mt Gox, remain static. This suggests that the exchange's management doesn’t sell BTC to make compensation payouts to users.
He further pointed out the widespread social media speculation regarding the potential liquidation of Mt Gox's Bitcoin reserves. While a mass sell-off of these coins theoretically could impact Bitcoin's market value, the real-world implications are more complex, necessitating traders to continue practicing standard risk precautions.
Previously, Reddit users have reported that Mt Gox's trustees started PayPal repayments to affected users.
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