Earlier today, concerns arose as $9.8 billion worth of bitcoin from multiple wallets associated with Mt. Gox were consolidated into a single wallet without prior warning from the Mt. Gox Trustee, sparking alarm among creditors.

In response to the concerns, the Trustee issued a statement, largely clarifying the known process outlined in the Rehabilitation Plan.

According to the Trustee, under the Rehabilitation Plan, preparations are underway to make repayments for cryptocurrency rehabilitation claims, with bitcoin and bitcoin cash allocated to creditors either as cryptocurrency or sold for fiat money, depending on the creditor's preferences.

The Trustee emphasized that no bitcoin or bitcoin cash has been sold for creditors who opted for fiat currency payments.

"The Rehabilitation Trustee is currently managing bitcoin and bitcoin cash in a secure manner. As preparations for the repayments are ongoing, we ask for your patience until the repayments are made," the Trustee stated.

Following the consolidation, around $400 million worth of bitcoin was subsequently moved out to a few new addresses, leaving approximately $9.4 billion worth of bitcoin in the wallet, representing roughly half of Mt. Gox's total stash, as per Arkham data.

Former Mt. Gox CEO Mark Karpeles reassured creditors, stating that today's movement of bitcoin from Mt. Gox wallets, the first in five years, is part of the distribution process.

"As far as I know everything is fine with MtGox," Karpeles affirmed. "The trustee is moving coins to a different wallet in preparation of the distribution that will likely happen this year, there is no imminent sale of bitcoins happening."

The repayment deadline for Mt. Gox creditors was extended to October 31, 2024, as announced by the trustee in September 2023. While payments are currently scheduled to be distributed by that date, the deadline has been subject to multiple extensions in recent years.

Creditors are set to receive payments in a combination of fiat currency, bitcoin, and bitcoin cash, with fiat currency payments already underway, while bitcoin and bitcoin cash payments are pending distribution.