Mt. Gox's Repayment Initiation

• Mt. Gox officially declared the beginning of creditor repayments in Bitcoin (BTC) and Bitcoin Cash (BCH) today. The exchange had previously transferred substantial amounts in BTC.

In the communication regarding repayments in BTC and BCH, Mt. Gox emphasized the role of the Rehabilitation Trustee in facilitating payments to specific creditors through designated crypto exchanges following the Rehabilitation Plan.

Further repayments to additional creditors will occur once specific conditions are met, which include:

• Verification of registered account details
• Consent from designated crypto exchanges to engage in the Agency Receipt Agreement
• Resolution of discussions between the Rehabilitation Trustee and crypto exchanges on the repayment process
• Confirmation of the secure completion of repayments

Eligible creditors have been encouraged by Mt. Gox to remain patient as the repayment process unfolds.

BTC Transactions by Mt. Gox

Subsequent to transferring 47,228 BTC valued at about $2.5 billion to a wallet earlier today, Mt. Gox conducted several transactions to relocate these assets.

As outlined by Arkham data, 1,545 BTC amounting to $83.5 million was sent by Mt. Gox to a hot wallet on the Bitbank crypto exchange.

Bitcoin's price exhibited volatility during the day, dropping below $54,000 before recovering and trading above this mark. Presently, BTC is priced above $54,000, displaying a decrease of more than 6% within the last 24 hours.

In the broader cryptocurrency market, liquidations amounting to approximately $662 million were witnessed over the same period, with BTC accounting for almost $229 million, of which $185 million were in long positions and $43.6 million in short positions.