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Since they are in receivership, what will happen when the adjudicator liquidates th to pay off debts? What will happen to the exchange rate when these get dum
by salgernon 13y ago
Since they are in receivership, what will happen when the adjudicator liquidates th to pay off debts? What will happen to the exchange rate when these get dumped on the market?
- technotony 13y agoIt's a good question, but they would be obligated to seek the best return they can which means recognizing that they can't just sell them on the open market. It's unclear to me whether the BTC liabilities or the hard currency liabilities rank higher (my guess the hard currency) in which case maybe they can just sell to a big investor like the guy who offered to buy the FBI's coins: http://www.businessinsider.com/falcon-global-capital-offers-to-buy-the-fbis-bitcoins-2014-2 http://www.businessinsider.com/falcon-global-capital-offers-...