Mt. Gox financiers now have visibility into the anticipated Bitcoin and Bitcoin Cash repayment amounts for this year via the Mt. Gox rehabilitation claims system.
Another encouraging sign regarding reimbursement for cash stolen was given to the Mt. Gox Bitcoin exchange users when the trustee updated some important refund information.
Several creditors of Mt. Gox have stated that information regarding Bitcoin and fiat reimbursement has been added to their Mt. Gox claims accounts. Many of these reports imply that cryptocurrency payouts are imminent.
The addition of sums to be paid in the payback data table on customers’ accounts was reported by some of the first people in mid-April on the Mt. Gox insolvency subreddit.
The Mt. Gox claims accounts now display a table with repayment status and other items, such as the amount of finished payback and incomplete repayment, according to a screenshot one creditor supplied.
Several posters on the Reddit thread on Mt. Gox’s bankruptcy claim that some creditors already have fiat money in their bank accounts.
One Mt. Gox creditor stated on April 22 that “Money received as USD into an HSBC currency account and looks like zero fees,” noting that the payment was received more than a month after the initial table update showed up on the claims account.
The Redditor wrote, “The table had been updated March 15 first, then April 8 second, then April 18 when BTC lines arrived.”
One Mt. Gox creditor told Cointelegraph that the most recent additions of Bitcoin to the accounts in the Mt. Gox rehabilitation claims system are a significant step for Mt. Gox creditors signalling the payment of crypto or cash would happen.
In contrast, Japanese claimants received notes on their page in December last year, and the creditor stated: “Let’s hope the crypto remittance echoes that of its fiat predecessor.” After two weeks, the claimants saw fiat in their accounts through PayPal and private banks.
Before its collapse, the now-defunct Mt. Gox, founded in 2010, was thought to have handled 70% of all Bitcoin transactions worldwide. An 850,000 BTC security breach on the site occurred in 2014.
By October 2024, Mt. Gox is supposed to pay back its creditors 69 billion Japanese yen ($510 million), in addition to 142,000 Bitcoin and 143,000 in the split cryptocurrency Bitcoin Cash.
The most recent table revisions came when the creditors of Mt. Gox had their identities verified and the cryptocurrency exchange accounts that would be used to pay out Bitcoin and Bitcoin Cash in January 2024. A few of the platforms that are accessible are SBI VC Trade, Bitstamp, Kraken, Bitbank, and BitGo.
