Mt. Gox creditors reveal payment update on claims system

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Several Mt. Gox platform creditors immediately reported an update to their claims account.

Based on information from the Mt. Gox subreddit, the manager has provided details about the repayment sums and due dates for each claim.

People who are owed money announced that their claim records have been modified to include details about Bitcoin (BTC) and Bitcoin Cash (BCH) payments, as well as traditional currency payouts. Some believe that cryptocurrency disbursements might start imminently.

Based on leaked images, it appears that the “Completed” label has been applied to the repayment status for fiat currency return requests. Multiple users have reportedly received their fiat currency payments in their respective bank accounts.

A user mentioned that the fiat transaction showed up in their bank account over a month after the corresponding entry in the table had been changed for the third time, specifically on April 18. The first update was made on March 15, followed by another on April 8. It was during the latter change that the BTC sections appeared.

Mt. Gox is anticipated to compensate its creditors with approximately 142,000 Bitcoins and 143,000 Bitcoin Cash, along with around 69 billion Japanese yen or $510 million by October 2024.

Clients of Mt. Gox have been waiting for over ten years to receive their refunds. The civil rehabilitation proceedings initiated in June 2018, and a Tokyo court endorsed the exchange’s proposed plan in 2021.

In December 2020, the trustee put forward a proposal for reimbursement. The specifics of this plan became known in January 2021. Then, in February 2021, the court gave its approval for a following vote on the matter.

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2024-04-22 19:31