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/biz/ - Business & Finance


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51169088 No.51169088 [Reply] [Original]

>Eric Wall, one of the creditors of the infamous crypto exchange Mt. Gox denied the report about an imminent distribution of 140,000 BTC. He said that the payout system has not been created yet, not even a choice of exchange on which affected investors will be able to receive their payouts is ready.

Hang on, so does this mean one exchange will have to take a shit load of coins off other exchanges to reach 140k BTC? Won't this be a huge supply shock out of the market driving up price before they dump?
Is this a good opportunity for BTC in the short term?
What am I missing?

Source: https://u.today/mt-gox-creditor-denies-fake-report-about-imminent-release-of-140000-btc

>> No.51169218

>>51169088
No it means they will deposit their 140k BTC into an exchange