K33 Research: Mt. Gox is about to distribute more than $9.6 billion in BTC and BCH, which may put pressure on BTC prices

According to K33 Research's report on Tuesday, Mt. Gox, the cryptocurrency exchange that went bankrupt due to a hacker attack in 2014, is preparing to distribute 142,000 bitcoins worth about $9.5 billion and 143,000 BCH worth $73 million to creditors, which may have a significant impact on digital asset prices.The report stated that creditors recently saw updates on BTC and BCH claims in the Mt. Gox claims system, which could mean earlier payments than expected.If the cryptocurrency payment process is similar to the refund of legal currency, creditors may begin to receive digital assets next month. Although creditors are unlikely to sell assets on a large scale, this situation may cause market participants to remain cautious before the event to avoid risks.