TechFlow news, October 20 — According to CryptoSlate, the Mt. Gox trustee must complete the three-phase repayment process—basic repayment, early lump-sum repayment, and interim repayment—for Bitcoin creditors by October 31. Currently, approximately 34,689 BTC remains in associated wallets. Bitcoin and Bitcoin Cash will be distributed via Bitstamp, Kraken, or in cash, with some funds held in custody through BitGo. Historical data indicates that about 64.1% of previous disbursements were transferred to CEXs; applying this ratio to the remaining balance suggests a worst-case scenario of around 22,253 BTC flowing into exchanges, representing potential selling pressure of approximately $2.4 billion. Processing windows at Kraken and Bitstamp are up to 90 days and 60 days respectively, with actual fund arrivals expected to occur in staggered batches. Funds may also bypass order books via custody solutions or OTC channels.
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