Crypto:
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Fear & Greed:
73 / 100
Bitcoin:
$ 66.969
BTC Dominance:
% 54.3
Market Cap:
$2.43 T

The Bankrupt Mt.Gox Has Started Repayments!

The Bankrupt Mt.Gox Has Started Repayments!

The creditors of bankrupt Bitcoin exchange Mt.Gox claim to have started receiving fiat repayments almost ten years later.

Creditors of the Bitcoin exchange Mt.Gox shared on Reddit that they have started receiving repayments almost a decade after a long wait. Users mentioned receiving repayments in Japanese Yen via PayPal.

Based on an email sent by the trustee Nobuaki Kobayashi, who oversees Mt. Gox’s estate, on November 21, repayments to creditors were planned to commence in cash in 2023 and continue until 2024. However, a specific timeline for individual repayments was not provided.

This development brings hope that Mt.Gox creditors are finally starting to receive the repayments they have been waiting for after a long period. However, as the details have not been officially confirmed, users are advised to follow the news carefully.

 


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