Creditors of Mt. Gox receive updates on reimbursement status for both currency and Bitcoin claims from the trustee.
The manager has added precise repayment amounts and completion dates to its claims accounts, according to the Mt. Gox subreddit. Those anticipating payment stated that details regarding Bitcoin (BTC), Bitcoin Cash (BCH), and fiat rewards had been added to claims accounts; many speculated that cryptocurrency payouts would start shortly.
Screenshots that have been made public show that the fiat currency return request section’s payback status is listed as finished. Numerous individuals reported receiving payments in fiat cash in their bank accounts.
After updating the table’s fiat payment section, a user reported that the fiat transfer took over a month to reach their bank account. The BTC lines initially appeared on April 18, after updates to the table were made on March 15, April 8, and April 18.
Mt. Gox is anticipated to have paid its creditors $510 million, or 142,000 BTC and 143,000 BCH, in addition to 69 billion Japanese yen by October 2024.
Clients of Mt. Gox have had to wait ten years to have their money back. June 2018 marked the beginning of the civil restoration process, and the exchange’s planned plan was accepted by a Tokyo court in 2021.
In December 2020, the trustee made a repayment request. The plan’s details were made public in January 2021, and the court gave it the go-ahead for a later vote in February.
