Bitcoin

<ul><li>Creditors of Mt. Gox are receiving fiat repayments, marking progress nearly ten years after the exchange&#39;s collapse.</li><li>Discussions on Reddit reveal personal accounts of received payments, indicating the commencement of the repayment process.</li><li>The repayment process, managed by Nobuaki Kobayashi, involves multiple tranches and is expected to continue into 2024.</li></ul>Creditors of the defunct Bitcoin exchange Mt. Gox have begun receiving fiat repayments, marking a notable development almost ten years since the exchange&#39;s collapse in February 2014. Evidence of this progress has surfaced on Reddit, a social media platform, specifically within the <a href="https://www.reddit.com/r/mtgoxinsolvency/" rel="noopener noreferrer nofollow">r/mtgoxinsolvency</a> page, where several users are actively sharing their experiences and confirming the receipt of their repayments.One Reddit user, Free-end254, expressed their surprise and relief by <a href="https://www.reddit.com/r/mtgoxinsolvency/comments/18qxw4z/i_just_got_paid/" rel="noopener noreferrer nofollow">posting</a>, &#34;I just got paid,&#34; and attached a screenshot of an email containing a PayPal receipt of payment. Another user shared a similar experience, <a href="https://www.reddit.com/r/mtgoxinsolvency/comments/18qxy4o/i_got_money/?utm_source&#61;share&amp;utm_medium&#61;web2x&amp;context&#61;3" rel="noopener noreferrer nofollow">stating</a> that they have also received a payment. The user noted that they initially mistook the email for a <a href="https://go.skimresources.com/?id&#61;100652X1574425&amp;isjs&#61;1&amp;jv&#61;15.4.2-stackpath&amp;sref&#61;https%3A%2F%2Fwww.coindesk.com%2Fmarkets%2F2013%2F06%2F06%2Fbeware-of-mtgox-scam-sites%2F&amp;url&#61;http%3A%2F%2Fwww.symantec.com%2Fconnect%2Fblogs%2Fbitcoins-still-hot-security-topic&amp;xs&#61;1&amp;xtz&#61;-330&amp;xuuid&#61;54da221e325083bfc20e0ab88fdd3e4c&amp;xjsf&#61;other_click__auxclick%20%5B2%5D" rel="noopener noreferrer nofollow">phishing attempt</a>, only to discover that it was a legitimate payment into their PayPal account. At the time of writing, several other users also reported having received the payment.Further detailing the repayment process, a user <a href="https://www.reddit.com/r/mtgoxinsolvency/comments/18r0w98/well_got_some_money_at_least/" rel="noopener noreferrer nofollow">shared</a> that they received only a portion of their 0.125 Bitcoin claim, amounting to 30,283 yen — approximately $200 at the current exchange rate. They noted the remaining amount they are owed is around $748, suggesting that the repayment process might be rolling out partially. However, it must be noted that there has been no official announcement from Mt. Gox regarding the rolling of payments.Read full article at C<a href="https://cryptotale.org/decade-long-mt-gox-saga-turns-a-corner-as-creditors-receive-first-repayments/" rel="noopener noreferrer nofollow">ryptoTale.</a>

Decade-Long Mt. Gox Saga Turns a Corner as Creditors Receive First Repayments

CryptoTale

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