PlanB Trolled With Possible Mt. Gox Bitcoin Dump

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Last Updated on 18 November 2021 by CryptoTips.eu

Jeroen Kok

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Over in Miami, a judge will soon decide the faith of the first million mined Bitcoins in the Kleiman versus Wright trial. On the other end of the Pacific, over in Japan, creditors of the legendary (and now defunct) crypto exchange Mt. Gox might finally get a bit closer to accessing 150,000 of the Bitcoins that were stolen.

Under a plan that became final and binding, bringing one of the longest-running sagas in the cryptocurrency world nearer to an end, trustee Nobuaki Kobayashi struck a deal with his former Mt. Gox partner CoinLab. The plan lays out how to proceed with the repayment of the Mt. Gox Bitcoins.

In a way, the fact that the Mt. Gox victims will only get repayment at a moment when Bitcoin is trading near $60,000 serves them well.

Advertentie.

PlanB Trolled

The Mt. Gox hack is still known as one of the market’s most infamous incidents, severely affecting the crypto market as a whopping 850,000 Bitcoin was stolen. So far, only some 200,000 have been recovered. Of those, some 150,000 will now be returned to whomever can prove that they once had ownership of the Mt. Gox Bitcoins.

This week still, it was used as a trolling response to anonymous Dutch trader PlanB who claimed that the $98K Nov and $135K Dec prediction he made for Bitcoin earlier was still in play even though the crypto market has suffered a severe pullback. One of his followers calculated that a 9 billion dollar Bitcoin dump would start on November 30th, when the Mt Gox plan is executed.

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