The Mentougou project is expected to be launched in early July 2024, which will have a significant impact on the Bitcoin (BTC) and Bitcoin Cash (BCH) markets.

According to reports, Mt. Gox’s claim plan will distribute 142,000 BTC, 143,000 BCH, and 69 billion yen to creditors.

The trustee who implemented this plan was the famous lawyer Nobuaki Kobayashi. Currently, all relevant preparations have been successfully completed, including confirmation of creditor information and docking with designated cryptocurrency exchanges.

Mt. Gox was once one of the world's largest Bitcoin trading platforms. Before it was shut down in 2014, a large-scale Bitcoin loss occurred, resulting in heavy losses for many users.

The launch of the claims scheme marks the end of a years-long legal and asset management process.

Creditors will have the opportunity to receive partial compensation for future losses through this plan, which has generated widespread concern and impact on the entire cryptocurrency community and market.

This process is expected to significantly affect the stability and price trends of the cryptocurrency market, especially the possible volatile impact on the market prices of BTC and BCH.

It has also sparked widespread discussion about the legal and ethical issues surrounding how to manage and distribute large-scale cryptocurrency losses, as well as the long-term impact of such events on the digital asset market as a whole.