Mt. Gox has reportedly begun repaying some creditors through PayPal.
Mt. Gox appears to have begun repaying some creditors after becoming the trustee of a defunct Bitcoin exchange. I said it last month He promised to repay his creditors in cash soon.
on reddit lineSeveral users, who appear to be creditors of the defunct Bitcoin exchange, today filed a lawsuit against Mt. Mt. via PayPal. Gox said he received the payment.
“I just got paid,” said one user, Free-End2543. wroteI am attaching a screenshot of the email notification from PayPal.
“I just received my initial payment via PayPal!! “It was definitely a phishing attempt in my email, but there was no legitimate money in JPY.” Another user named rpostwvu saidSeveral other people also posted similar messages on social media platforms.
One user in a Telegram group chat titled “MtGoxCreditors” said PayPal’s Mt. Gox confirmed to The Block that it received the Japanese yen-denominated payment on Dec. 25 from its trustees.
Mt. Gox’s rehabilitation trustee did not immediately respond to The Block’s request for comment.
The reported repayment comes after the exchange, which collapsed in 2014, said in an email to creditors last month that its recovery trustee was “committed to commencing cash repayment within 2023.” However, the trustee said repayments “will continue until 2024” due to the large number of creditors in recovery.
Last September, Mt. Gox extended the deadline for repaying rehabilitation creditors from October 31, 2023 to October 31, 2024.
Launched in 2010, the Tokyo-based platform gained popularity and became the largest Bitcoin exchange by 2013. 70% However, all withdrawals were halted when the company ceased trading in early 2014. The site soon went offline and the company filed for bankruptcy protection after losing more than 800,000 bitcoins.
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