Celsius Announces Distribution of Additional $127M to Creditors
In a post on November 28, bankrupt crypto lending firm Celsius announced that it will distribute an additional $127 million to creditors soon. The post stated that the distribution is being made available from the “Litigation Recovery Account” and will be paid to creditors of classes 2, 5, 7, 8, and 9. Retail borrower depositors […]
Mt. Gox Reportedly Confirms Creditors BTC Addresses for Repayment
Trustees of the defunct cryptocurrency exchange, Mt. Gox, have reportedly initiated communication with creditors to verify the existence of their Bitcoin accounts to start repayments of BTC and BCH on Bitstamp and Kraken accounts. Many creditors associated with Mt. Gox have received fresh emails from the exchange provider confirming the successful completion of identity verification […]
Mt. Gox to Finally Commence Repayments in Cash to Creditors
According to an email sent to claimants this week, Mt. Gox is gearing up to start compensating creditors after prolonged delays. For the benefit of creditors of the now-defunct Bitcoin exchange Mt. Gox, the rehabilitation trustee has officially announced that cash payouts would begin in 2023. This choice, which was sent to the creditors via […]