Mt. Gox sell-off may be all sizzle and no steak

Although the Mt. Gox bankruptcy trustee recovered digital currency now worth more than $1.6 billion, under Japanese bankruptcy law, the claims should be valued at the market price of bitcoin in April 2014 just before the Tokyo District Court ordered the exchange be liquidated (at that time, one bitcoin was worth $483). But the 24,000 customer are supposed to be repaid in bitcoin, so they will likely receive only a small fraction of the bitcoins they had invested, a quota that some rumors on X say to be around 10-12%.
But in the meantime, it seems that many traders have already front runned the sell-off news.

Mt. Gox sell-off may be all sizzle and no steak

Although the Mt. Gox bankruptcy trustee recovered digital currency now worth more than $1.6 billion, under Japanese bankruptcy law, the claims should be valued at the market price of bitcoin in April 2014 just before the Tokyo District Court ordered the exchange be liquidated (at that time, one bitcoin was worth $483). But the 24,000 customer are supposed to be repaid in bitcoin, so they will likely receive only a small fraction of the bitcoins they had invested, a quota that some rumors on X say to be around 10-12%.
But in the meantime, it seems that many traders have already front runned the sell-off news.

https://www.reuters.com/investigates/special-report/bitcoin-gox/