Mt. Gox Trustee Set to Complete Bitcoin Creditors’ Repayment by Oct 31 as 34,689 BTC Remains, With Distributions via Bitstamp and Kraken

COINOTAG reports that the Mt. Gox trustee must finalize creditor repayments by October 31, completing the basic disbursement, early lump-sum, and midterm schedules. Roughly 34,689 BTC remain linked to the estate, with Bitcoin and Bitcoin Cash slated for distribution through regulated channels such as Bitstamp and Kraken, with portions managed by BitGo custody.

Historical flows show about 64.1% of funds previously moved to centralized exchanges, implying residual liquidity pressures if the remaining balance is mobilized. A worst-case scenario could involve liquidating approximately 22,253 BTC, equating to around $2.4 billion at current prices. Kraken and Bitstamp provide processing windows of up to 90 and 60 days, respectively, with receipts spread across batches. Some assets may transit via custody or OTC venues to limit market impact.

Market participants expect settlements that minimize disruption to the order book, with allocations potentially routed through BitGo custody to blunt price moves.

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