Mt. Gox creditors get paid
Key Takeaways
- Mt. Gox creditors have started receiving repayment for bitcoins that have been stored on the exchange for nearly a decade.
- This process involves assigning “voting rights” to claims to determine the amount to be repaid.
- Despite some initial system errors, repayments are expected to continue throughout 2024.
The infamous Mt. Creditors who suffered losses on the Gox Bitcoin exchange recently reported: You have started receiving repayments for your locked up Bitcoin holdings..
This development comes nearly a decade after the exchange closed in February 2014.
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According to reports shared on social media platforms, particularly Reddit, Mt. Gox Send Japanese Yen-denominated repayments via PayPal To creditors.
On December 26, Reddit user r/mtgoxStale Forum I started sharing my experience getting reimbursed.
Some posted screenshots of emails containing PayPal receipts confirming the arrival of funds. 1 user decided“I just got paid,” said another user. I was mistaken at first A phishing email was sent before I even realized it was a real payment.
In particular, some creditors reported that Only a portion of the claim was repaid.Still waiting for additional funding.
a notable event Mt. Gox’s initial repayment occurred on December 21.However, Japanese users reported X (formerly Twitter) to Mt. After receiving the Gox invoice via bank transfer, I explained how to deposit it into the account in Japanese yen.
The repayment process involves several tranches.We ensure fair distribution of funds through basic repayment, early lump sum repayment, and early repayment.
Mt., which determines the amount of repayment. Gox’s approach includes: Assigning “voting rights” to each claimEqualizes the value between fiat and cryptocurrency creditors in Japanese Yen.
Repayment commencement is as follows: sent email Mt. Nobuaki Kobayashi, trustee who manages Gox’s estateNovember 21st.
The email informed rehabilitation creditors of the commencement of cash repayment. Additional repayments expected to continue throughout 2024. The specific timing of repayment to individual creditors was not disclosed.
especially, System errors have been reported that have resulted in some creditors receiving double payments.. According to some reddit userMt. Gox Rehabilitation trustees acknowledged the problem in an email correspondence and requested the return of excess funds.
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