If this whole liquidation is streched out over many years, the return for claims might be in the lower single digits, because for certain regulations, the BTC that were found will need to be liquidated to pay for the costs, this could lead to them being sold at ~400$ level, what a shame..
Not really. They have several millions in fiat. They have nearly 50% of what they owe in fiat, on the other hand they have only 200k of the 750k btc they owe. I expect them to handle it they way other countries do; so they will probably view bitcoin debt and fiat debt equally. Since they have more fiat in comparison they will most likely pay the costs with fiat and maybe even use some of it to pay of btc creditors.
What other county? This is a unique case. Never until now where BTC part of a liquidation process of a LLC. They will most likely be treated like you would treat inventory and claims on that inventory. A liquidation always ends with equal debtors receiving the same cut. There won't be a difference in the % of payout in the BTC and FIAT debtors, if they are treated the same.
So yeah, maybe they will use the fiat money, but there is a high chance that all that gets paid out will be in Fiat, and everyone gets fucked
