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Creditors of Mt. Gox turned to Twitter to deny rumors of an impending Bitcoin (BTC) dump, with one pointing out that the bankrupt exchange's reimbursement system is still not operational.

Contrary to the speculations spreading on social media, Mt. Gox creditor Eric Wall identified himself in a Twitter thread and stated that there will not be a 137,000 BTC dump. Wall claims that the exchange has not yet finished building the infrastructure required to start the reimbursement.

Mt. Gox gives former customers a token of appreciation (but still no money) - CoinGeek
Wall said that individuals are now still unable to register the address to which Bitcoin and Bitcoin Cash (BCH) payments should be sent. The creditor rejects concerns that thousands of Bitcoin will be sold all at once, devaluing the value of the cryptocurrency, and also thinks that payments should be made in several installments.

Wall also pointed out that the cryptocurrency exchange hasn't yet given a schedule indicating when it will start the reimbursement process. The creditor then stated that the current state of the market would make him prefer to buy over sell even if the BTC were released.

Michael van de Poppe, CEO of Eight Global, made clear that the distribution will be delayed. As he tweeted:

Another Mt. Gox creditor, Marshall Hayner, reported that they have not yet received their Bitcoin. Hayner gave the community the reassurance that a large number of those who will be receiving their repayments from the exchange do not plan to sell their Bitcoin.

Mt. Gox Is Not Releasing Bitcoin Soon, Creditor Comments on the Rumors
Nobuaki Kobayashi, the Mt. Gox restoration plan's appointed rehabilitation trustee, said the exchange is getting ready to repay its creditors in July. The exchange stated that account holders will have the choice of receiving payments in either BCH or BTC in the official document that was made public. The rehab strategy was initially approved in 2021. The exchange only has 150,000 BTC left over to pay its creditors out of the 850,000 BTC outstanding.

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