Topic: Mt. GOX Hacked a Blessing in Disguise for Victims? (Read 621 times)

I wish I would have been a victim of the incident myself so that I could have got hold of some of the bitcoins myself.
But I wasn't even aware of bitcoin back then. Although people became victims of the hack, it became a blessing for them.
I personally think, many of those victims who had recently filed a claim would prefer to hold their coins as we have seen the ATH near $73k.
Yes, some people might immediately sell their coins after years of waiting period but I guess many will prefer to hold.
In any case, the dump will not live longer and we will see a steady recovery in price soon.

I asked you a simple question:


Instead, you went off with the dribble and dogged it any possible way!
You put your tifoil had and came up with this possibility:
- in case coins are not returned...d'oh, are you actually reading what's happening around?
- hte government will confirm the coins
How? Which government? Which entity? On what legal basis?

But no, you thew some random conspiracy about how the gubbermint is evil and then failed to back it up by a single thing!


And here is the perfect example of how you have no idea how the refunds work!
It's not MtGox distributing coins to the account they had on file!

Victims who entered the rehabilitation program were forwarded a request earlier this year to confirm their address and bank details, there is nobody in that plan who forgot about the coins! Everyone who filed for that will get a share of them, the ones that didn't just get their coins redistributed to other victims, much like a donation!
So how about this, we make a deal, the one that doesn't know a thing about the subject stops talking about it!


Eh, we need to lower our expectations to the underground level sometimes! 

No offense but the first half of your Reply to him was irrelevant to what he was asking, please tell me what this part of the Reply had to do with what he asked,

That address belong to hacker, if you think it's belong to the exchange or Mt.Gox, it's high unlikely. Even the hacker will move the coins, it will not distributed to the creditors. Probably the hacker is scared and trying to find a way to cash out without leaving any trace, that's why he hadn't move the coins.

Still, Bitcoin give better return than the fixed deposit.

Something I haven't seen mentioned here is the 1Feex account, https://mempool.space/address/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF which holds nearly 80k Bitcoin.  Now there is a good chance that the keys to that address are lost forever but if they do ever turn up would these coins be distributed to creditors as well? As far as I can remember these coins were stolen very early on, but they should still belong to the assets of the exchange.  Would be very interesting if these coins ever did move again.

Why are you so agitated? 10 years have passed and surely some people are dead or some people don't know about the news of mtgox refunding BTC...and he asked about those people's bitcoins and what will happen to those bitcoins.
No one here is saying that Mtgox should stop refunding or that everything should be confiscated. The refund is happening and we should congratulate them because they finally got their bitcoins back.

I don't know who is screaming and complaining about Mtgox refunding bitcoins and causing dumping but I'm certainly not participating. Simply because volatility is already a part of this game and even without the mtgox, a bitcoin correction would still occur after months of continuous price increases.

Also, the German government is also selling bitcoins to the market, why is no one complaining about them but complaining about mtgox?

While Mtgox won't be refunding the full amount in BTC that was lost to customers. Only a fraction of it. The upside is that even though it's not the wholesome amounts, the value gains over the years will surely compensate for the lost amount for sure. So yes, in hindsight. the Mtgox incident was a blessing in disguise. Without the hack, majority of those customers would have sold bitcoin at the $20K top in 2017 or the $69K top in 2021 even worse, at the $3K bottom during the lockdown sell-offs but because they couldn't, now they get to rip the full benefits as a hard-core holder would.

That was essentially a "fixed deposit" kind of situation.

Looks like it. Many of those people would have sold their bitcoins way earlier. This is like winning the lottery to them. Some of those victims probably died though and that's the sad part. They won't enjoy their huge wealth... but their relatives probably will.

A guy with a $100 in his gox acc now has $10k which is pretty impressive.

And $1000 has become $100k which probably many people had in their accounts and that's enough to buy a great car nowadays.

And $10k has become... daym.

After going through all that crap, they all deserved to win the big prize.

As much as I believe this to be a really good news for those the victims of the mtGox exchange hack, and maybe the owners of this exchange as well, I (like some other users here have said, or mentioned) believe that only a very few persons who actually were a true victim of the hack, will benefit from this current development, owning to the fact that some of the victims by now are already dead, while some must have sold/given away, or totally abandoned their accounts, forgetting their login details details, since many didn't actually believe that Bitcoin will get to where it is today, some users who had a few bitcoins back then worth a few tens to hundreds of dollars might have given it all up.

But all the same, congratulations to the ones who waited and are good to really benefit from the coming disbursement, it's going to be a life changing experience if any of those victims haven't actually made more money than they initially lost to the exchange hack.

Yes you're right, who knows that they could have done with their crypto holdings and surely could have wiped it out for pennies compared to what they are getting. In a sense it definitely is a blessing in disguise for them. Although it took a very long time and definitely lots of frustration they are being made whole, I think its incredible for those people. I hope they have better lives and can focus on their passions now & do what they truly want, surely this has given them much relief and freedom to do as they please now. Money can't buy everything but it sure as hell can make you comfortable and supply your basic needs and desires.

Really? How will that even work lawfully?

Can't you people never accept that good things happen and people get paid back?
Does it always have to be darkness doom, gloom, everyone is dying, the government is killing our babies stuff?
People are getting paid back, the same crypto users who are scared of a possible dump are screaming that the coins not redistributed faster, what in the name of god logic is in that?

Everyone was cheering for coins to be distributed, now let's not give them back cause it will crash the market!
Everyone was angry at the FTX collapse now that they recovered 8 billion, no, don't sell it!

Feels like the whole forum is full of masochists!


Or maybe you should just talk to other, like people that have got their money back?
 https://crypto.news/more-than-10-years-since-the-collapse-of-mt-gox-users-confirm-reimbursements/

I guess this is just another delaying tactics and maybe they don't really have a plan to refund those people. Maybe they are waiting for something and hoping that all those claims will be forgotten. So I guess they really need the help of some regulators their and push Mt.gox owner to do that refund and specific time they are telling. Since continuing moving the date of refund might take forever.

What do I really hope that we can see people being happy and provide feedback that they already receive their refunds and happy to get a lot of share since they deserve that especially they go thru a lot of stress and heavy pressure due to what Mt.gox did to them. For what they do I think there's only less chance for people to get that refund and they are just make people expect for something far to happen.

As far as I know, the CEO of Mt.gox was arrested shortly after the exchange went bankrupt in 2015 and they later recovered a fair amount of assets and they could have returned the amount that money to creditors. But due to long and complicated litigation, everything has been delayed until now.

So in case the bitcoin is not returned to creditors, I think the government will confiscate it and possibly put it in a government fund. Just as the US and German governments are doing, they confiscated tens of thousands of bitcoins from criminals and pirated websites...and sold them to fund their political activities.

If the people have been passed away, the other creditors should have able to receive the refund, just like how inheritance works.

If the people are missing or can't be located, it will be hard, but I think the state will receive the money since people that are missing or can't be located doesn't mean they've been passed away.

Yeah, we can see them on WO thread, they're early Bitcoin adopters.

What I'd like to know is what happens to the crypto funds that can't be refunded back to original holders? For example, people that can't be located, have passed away or are just missing. Who gets that? Other creditors or does the state get it?

You're not the only one who thinks that they're doing something wrong, most of us know that but this time I think they might do some refunds and allow at least some people to get their funds back. If they somehow postpone it this time then I'm sure they aren't going to refund anyone but keep promising about refunding.

OgNasty isn't the only one still left - many other users still exist as well as the users mentioned above. I don't think all users need to admit that they are one of Mtgox's creditors and will receive compensation - they have privacy or something that might make them uncomfortable. So the correct conclusion about that is - OgNasty is just one of the many users who will receive compensation from Mtgox, others are still on the forums and are not willing to tell us how much they will receive.

I sometimes think that this Mt.gox of a thing has involves foul play, they are always quick to make announcements about the distribution and then the next day, they are quick to postponed it to another year or month. If they want to do it, they should atleast people that have been waiting for years would have their coins back and do what they want and the market will always be free from the fear of been dumped on them, that's billions of dollars we are talking here.

Anytime I remember how long this MT.GOX matter take for distribution, I really pity how FTX people will be feeling right now, it will take another 10-15 years before they get back their assets, that's if legal proceedings are done quickly and the teams are able to recover some other stolen coins and when also in bull run because that's the only way they can get back the real value stolen, bear market will only slow down things.

this was over a decade ago; bitcoin back then was waaaay less secure software and hashrate wise than now.. only the brave "invested" it was all experimental lol.  also as mtgox started having problems with withdrawals the price of mtgox btc vs other exchanges btc was so different some peeps sent btc to mtgox deliberately to try and get the higher price. so when gox went down.. oopsie.

and its not like there wasnt a lot of warnings from people.

iow - us folks who got burned in mtgox basically knew we were playing with fire.

I suppose there are victims out there who are lucky enough to have had a Balance high enough for this reimbursement to change their lives.  But the number of people whose lives will be changed for the better is, I suppose, really low as compared to other people who were living a normal life and had a hammer hitting their nuts at the time.

There are many who were working at the time and trying out Investments.  Imagine you worked for years on a low Salary, put Money on the side and then into Bitcoin and all of a sudden it is gone thanks to a hack.  I believe there are way more people in this situation.  Then think about it even deeper, there are people who put dozens of thousands of Dollars into Bitcoin and all of a sudden it was all gone.

I would be surprised if no life was lost after the hack and I would be even more surprised if the number of people whose lives become better after the reimbursement is significant.  No way in hell would I consider this reimbursement turned hack a 'blessing' for them.  I would not want to be in that situation.

Yep, I know one more forum member that had money lost in mt.gox so surely there must be more of them around.


Thing is, vast majorify of those people got over that loss long time ago and thought that they will never see that money again, so no wonder that they are actually happy about it. Especially since btc is worth way more than it was back in the day.

Think I heard a number of $9.4 billion worth of bitcoin. Not sure if this number is accurate but from the look at the current markets this morning, it does seem to be being sold to drop the price of bitcoin so low.


Oh really?
Well he would know exactly how much they are giving their customers for the repayments.
Also how much of the hodl in the amount they should be giving back aswell.

If someone keeps your money for 10 years and then returns only part of it to you at the end, that is not a profit but a pure loss. The most common bank would pay a profit dividend on borrowed money.
Looking for anything good in mtGox case (like all similar ones) is a big mistake. People should be happy because they got their money back, wtf.

This is the way!


As vapourminer above, there are more that are still lurkign around and there are some who have stopped talking about it in public.
I frequently check subs like mtgoxinsolvency on reddit and there are a few guys active still there but silent on the forum about the issue.


That thing is hard to quantify, it's about what if....
I remember that there was a guy mentioned either in the WO or on some other topic that sent money when everybody wanted about the collapse, he bought in the crash, I always wanted to go back and search for him but never had the patience of going through hundreds of pages.
In theory he wold have doubled his money on the spot just then, so he's looking at 40x now at least!

no. many of us are still here.

i myself wrote my mtgox balance off loooong ago. so getting it back (well ~20%) in btc/bch is very nice as its not considered taxable under capitol gains this way. its only taxed when converted so something else (fiat/whatever). so the btc stays.

but i will dump the bch.

What matters is whether the $7.5k was just a portion of his assets and he was fine even without it or if it was all he had at the time. Why are many people still unhappy even though they have received compensation many times larger than the amount lost? Because the collapse of Mt.gox caused them a lot of trouble at that time, some people even committed suicide because of it. That's why I say that the amount of compensation that many of us dream of, but will not be enough to compensate the victims for what they have had to go through.

If he deposits 7.5k$ in the bank, he will not receive any profit and even purchasing power will decrease due to inflation. But at least he can withdraw that money at any time and can make ends meet.

I guess OgNasty is the only person left on the forum who is a victim of Mt.gox and he is the only one with the most accurate answer to this topic, none of us have ever had to go through what Mt .gox caused him.

Is there anyone who counted on getting anything back after all these years? Personally, I wrote off the loss years ago and forgot about it.

In any case, I went through the claims process (which was something akin to a collaboration between Franz Kafka and Rube Goldberg). While my claim was approved, it remains clear as mud as to how much (if anything) I'll be receiving. The figures I'm seeing on my personal claims website don't make much sense.

One quick question if anyone knows offhand: If I opted for cash only, do I get much less than receiving BTC/BCH? Or did they at least sell at reasonable exchange rates comparable to today's?

Take the lesson and this is truly worthy of being considered a blessing. You get your money back after being lost from you so long - but you get bigger rewards in return. $150K has never been a small thing for me - and neither have most people, but if you've earned it back then congratulations on that, OgNasty. If this $7,500 was kept in a bank account for 10 years - then I am sure today we would have lost a lot of things to buy due to inflation. But luckily - it's in bitcoin despite the Mtgox debacle.

Yeah, it was a typo, thanks for pointing that out.


Good calculation and as we see,  it is a profit for the many since I think most of these people could have sold their BTC for less than$1000 - $2000.



Of course the term blessing in disguise is not applicable to all victim since many had already sold their rights, some had committed suicide but as I stated, for those who exercise patience, their supposed to be lost fund from hacking will be delivered to them although not in full but still brings much profit.


I feel you, I saw the news and lots of emotion during the collapse of Mt. Gox, I really feel sorry for the victims that time especially those who were caught empty-handed, and those who took their lives of bankruptcy due to the said collapse.  It has been stressful, yes, since it took a decade but at the end of the tunnel, those who does not give up still possibly get rewarded with more than what they had invested in fiat equivalent during those time.  I am not in the position to say that it is enough for the troubles, I am only looking at it objectively from a point of fiat equivalent during the time of investment and fiat equivalent on the scheduled distribution.

I’m not sure that I feel blessed by this mtgox nonsense for so long. Honestly I just want to get it behind me. It is a nice chunk of change though. I think I had around $7,500 on mtgox when they went under and now I’m getting around $150K back (supposedly) around 10 years later. Sure, it’s hard to complain about, but this has dragged on for a decade…

It's a great news and I'm happy to hear that all those victims or their families if they aren't alive can get 100x profits by not being able to sell their locked Bitcoin for 10 years. It was a quite sad news for the victims when they heard that all their Bitcoin holdings were hacked and they won't be able to sell their holdings.

Many of them might regretted that why they have deposited their Bitcoin at Mt. GOX at first place and a few of those might gave up on it. The talks about Mt. GOX return plan have been going for a long time now but finally the ones who were eagerly waiting for it will get their money back. It's surely a blessing in disguise but I fear it may be the cause of huge dump if Mt. GOX allow all users to withdraw their Bitcoin.

The case of Mt-Gox has been going on for a long time and it is being heard that they are returning funds to their creditors. But every time they fail, i.e. go back on their word. But anyway, this time I think that they will return the victims funds to their creditors, which is worth $9 billion dollars. And yes, I think the creditors will also be happy with the fund return.
 
Yep mate, that is true that there can be selling pressure. But in my opinion, most of these creditors will be experienced people, that is, those creditors who are still affiliated with this crypto field, so there is no doubt that they will know very well that Bitcoin is a rare thing because at this time. When the Mt-Gox exchange collapsed, the price of Bitcion was $900, but now the price of Bitcoin has reached $73k. Therefore, those creators will likely choose to retain their Bitcoin holdings rather than sell them.

What a twist! this is surely major news in the crypto industry and we will see a major change in the price because obviously they have been patient enough to hold up to this long and might already have a list of what to buy when they receive it.

Nevertheless, it could be bad for the market because the price will drop but honestly, a chance for the other investors as well because after it, they can buy bitcoins at a lower price once again, and a blessing in disguise too for the long-term investors.

Let's just follow the news about it because this is one of the major events in the crypto industry right now and witnessing such a scenario is an honor we are also happy for the victims to get back what they have lost with multiple folds.

In hindsight that's the case, that the hack is a blessing in disguise for the people that have their bitcoin in Mt. Gox at that time but in the context of what happened, I don't think that it's any kind of blessing at all because it's still a stolen bitcoin/property and there's people that were hurt by that action so I'm not really thrilled in the possibility that it's a blessing if we factor in all of the stuff that's happened plus some people might not even get the just restitution with all the pain and misery that they've endured all throughout the process but hopefully though they do get what they deserve and that they enjoy getting it because it's not going to be anything but blessing to them despite what I think of this situation.

It's 10,000% not 10,000x!
So if you had 100 you get 10 000, not 1 000 000!

Also, that's the price of BTC, since they will not be getting all their coins back, estimations are at 21%, so in fiat terms, it will be more like 2,000%,
so 20x, if you were to throw in a 33% inflation, that's final gains of 1500% or 15x.

I wouldn't consider this a blessing in disguise, it's more like torture. Because over the past 10 years, the victims have had to endure so many hardships and humiliations, some even lost their lives because of this, how can it be called a blessing?
I don't deny that Mt.gox has returned BTC and many people are making profits based on the current bitcoin price and maybe it is the profit that many people dream of. But is that worth it and enough to compensate those who have waited for the past 10 years? And in those 10 years, just because of the collapse of Mt.gox, many people lost their homes, many people lost their families, lost their futures and even lost their lives. Is the compensation now worth it and considered a blessing? If someone thinks this is a blessing, it means they agree and support the idea that exchanges should continue to collapse as Mt.gox did.

Not to mention I'm wondering, how many victims of that year's incident are still following the incident and know about this news, and how many people have received the bitcoins refunded by Mt.gox. Personally, I don't believe in the numbers they give in the near future.

Some creditors will definitely sell the bitcoins they get Mtgox this will obviously have an impact on the market if Mtgox will release $9 billion in hacked funds first returned, it's just not that this is distributed gradually meaning not all at once?

Imagine those who have waited 10 years from the bitcoin price of $600 at the current price, in my opinion it is a blessing in disguise but we see how creditors are tired of waiting longer, then what if Mtgox delays again which is not clear?

I hope all Mtgox creditors get their rights.

I appreciate the fact that the hacked funds were recovered and after a decade it is been returned to the owners. Many people lost money in exchanges and have not recovered it to date. The price of Bitcoin has appreciated which is also a plus to these victims. But we shouldn't fail to acknowledge the fact that some of these victims might not be alive to enjoy these refunds because they are dead. Others suffered from health problems because of the shock and frustration of not accessing their investment. Some people invested with their retirement benefits while others might have used borrowed money to invest.

The pain and frustration they went through over the years cannot be equated to financial benefit.  Mt. Gox hack might be a blessing to some victims but to others, it is a curse because it brought sickness, frustration, fear, debt, and even death.

To much drama created its because to many people doubt if what Mt.gox saying is true. That's why there's a lot of doubts or anything if they can still get their money back from them. I understand that there are people sell their claims since this is the only option they can get since at least they can get something from their claims then move on. If I am the one who experience that maybe I will also sell my claims then move on since the pressure I can get from those incident maybe not worth it since as we heard from certain news spreading some claimant already died without getting something that's why its better to take action than getting unnecessary stress.

If this hacking incident maybe a blessing as disguise for existing victims which have strong belief that they can get something then I guess they deserve that since imagine their experience for sure they suffer for devastating loss and that gives so much stress for them. Hopefully this refund would really happen since to many people really want to get their money back from Mt.gox.

Yes, and how it can be considered as a blessing in disguise when it's been dragging us for years? Some might have outlived and never got the chance to get their money back and they are going to be paid in a fraction from what they have lost. And those who lost money here has been battling their sanity for the rest of the ordeal as some of them have their life saving on Mt. Gox prior to the hack.

If there is something from the Mt. Gox is that is remains as the skeleton in the closet for some of us here. And maybe they are no longer active here because of what had happen and few only remains to see that finally, they will get something in return.

Aside from what other member said, it seems total BTC, BCH and fiat for reimbursement is less than total profit if they manage to HODL until today. I also think it's not blessing in disguise if the victim had any financial difficulty between Mt Gox got hacked and today, where their BTC could be used to help their financial difficulty.

I cannot say anything about it until they get their refund from the authorities. These shitty cases take a long time to proceed and it sucks to wait for that long. Waiting is the worst thing in the world and you will understand that when it's your own money but you have to wait for a long time to get it.

I will be happy for those people if they can claim back their own money. They aren't receiving any kind of bonus but their own money. You may trying to imagine how much profit they have got, but you didn't thought how precious that money was for them in their bad time when they want to get it, but they couldn't.

This would have been "a blessing in disguise" if all the Mt.Gox victims had the patience to wait for 10 years in order to get their BTC back.
What if the Mt.Gox hackers moved all the BTC to their cold wallets and the victims never got a refund? Maybe the victims were lucky, because the hackers weren't competent enough. Anyway, this is like someone stealing the money in your bank account and you get them back after 10 years of waiting. In the case with Bitcoin, you get 100x of what you have initially invested, but I definitely wouldn't call this "a blessing in disguise".

I'm happy that people are getting their money back, and I'm honestly surprised they'll get such a high return on their investment. I knew that now all funds were recovered, so I assumed the profits were going to be mild. However, the CNBC confirms it's 100x, and that's wonderful. I'm sure that many suffered a lot of mental damage because of the hack, and they've been waiting for such a long time.
That being said, it might be bad news for the market because a lot of those people will likely want to cash out immediately, considering what they've been through. Billions of dollars worth of BTC being cashed out can have a significant negative impact on the price. Of course, it can then recover in a few months, but we should get mentally prepared for this.

Don't forget with inflation which lower your purchase power.

Although if we calculate the victim will only receive 1/4 of their money and the purchasing power, the victim are still in profit.

But, we don't know what if those victim use the money they invest in Bitcoin to create a business or they try to gamble on shitcoins, they could become a millionaire. Losing the money in CEX means they also lose the opportunity to make money at that time too.

Those guys must have gained back the most money if they held their coins from the account sale all this time.

That's the bright side of this fiasco, the silver lining of having their funds locked for many years. And I guess it was also a blessing in disguise that the refunds came a bit late. Had the refunds been paid just a few years after the hack, many would have already liquidated much or even all of their Bitcoin assets. It wasn't uncommon for early Bitcoin holders who acquired their coins very cheap to convert their holdings when the price soared to hundreds or a thousand.

It could be a blessing in disguise to some people who were actually considering holding for a long term, but for the large chunk of the people I don’t think they appreciated this kind of blessings. Many of these people might have one time in the past be in dire need of their funds to maybe cater for some emergency issues but couldn’t have got it solved, most might have even lost a thing because they couldn’t get access to their funds which no matter the return later is definitely not good enough to me. Also the recovery of Mt.Gotx funds Shouldn’t give users the leverage to start using exchanges and save their funds there, the return was just a luck that might not happen again.

As for the market pressure during the period of distribution, I will vote for a negative sentiment because I believe the news will be circulating round about sells going to happen and this could only create FUD among investors and we all know it leads to bearish sentiments. But this wouldn’t last for a long and the market will bounce back again

With this, I'm expecting to see so much drama around the refund because it simply means that what will actually happen as the refund will be far less than what was expected. This should be my first time seeing that some persons have already used other options to collect what they can and moved one. This should also be my first time learning that they will be paying about 1/4th of the total assets  and also the spread over many years. This shows the entire thing is not clear yet and until the first refund is actually done, we might not be able to measure the impact on the market.

Yes - this would be called a blessing because they were so close to the cash out process, so what if it was never returned, would it be called a disaster?

The Mtgox drama has been going on for a long time and currently they are preparing everything to distribute it to creditors. Of course creditors are pleased with Mtgox's responsible efforts - however, many of them postponed all their wishes as long as the Mtgox case was not resolved. They should all be grateful because behind this hacking incident there is a lesson to be learned.

Selling pressure may be around for a while - but I don't think everyone will put the coin into the market. Some creditors are experienced users - they will hold and capitalize on the next bull cycle, while others will sell and earn the profit.

I'm not sore if you're aware of this, but many people sold their accounts here on bitcointalk for a fraction of the value. When Gox said it's a temporary issue some believers were offering 75 or 50 cents on the dollar for accounts, thinking they'd make a quick buck when it comes back online, but it never did.

Also there's this:
This means that you will be getting 100x profit, but on roughly 1/4 of the money you held there.

Last but not least, you could sell your claim during the trial if you wanted to and many profit-oriented people did. Remember that we're talking about a process that took 10 years. Some people died never receiving a penny and their families sold their claims after their death.

It's been a hot topic these days that the collapsed exchange Mt. Gox will begin paying back thousands of users in a few days.  I am in no way saying that getting hacked is good but considering the current situation of the victims who are supposed to receive the refund, they would be gaining more than 10,000x% profit[1].  The fund being hacked, recovered and locked for about 10 years made these victims unable to move their funds, and the recovery and refund resulted in a huge profit.  If the exchange was not hacked, many of these people could have sold their BTC at worth less than $1000 and they should not have gained this huge amount of profit when they received their refund.

Bitcoin was around $600 when the exchange shuttered.  And now the price soar for more than 100x as the refund is about to be executed.  I am happy for these people, all their stress, worries and patience had been fully rewarded.  I hope the refund process will not put too much stress on the Bitcoin market since $9B worth of coins will be unloaded to the market and this is not a small amount.

With this thing happening, I believe the Mt. Gox hack after the authority recovered the fund became a blessing in disguise for victims who exercise patience. Your thought?

---

Btw, I read that the disbursement is a mixture of Bitcoin and Bitcoin Cash, Does the victim have a claim on the Bitcoin cash equivalent of their Bitcoin when Bitcoin was forked?

---

[1] https://www.cnbc.com/2024/07/01/mt-gox-about-to-unload-9-billion-of-bitcoin-what-it-means-for-btc.html