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 <p class="paragraph">On December 22, the crypto community of the /mtgoxsolvency subreddit revealed that the fallen Tokyo-based Bitcoin (BTC) exchange, Mt. Gox, has been sending emails to its creditors confirming that the repayment details they provided have been verified with relevant cryptocurrency exchanges.</p>
 <p class="paragraph">Judging by the comments, Mt. Gox has been sending emails in a staggered fashion, based on the platforms the <a rel="noopener noreferrer nofollow" title="creditors" href="https://thebittimes.com/tag/creditors.html">creditors</a> have their accounts with. For example, multiple Bitstamp users reported they had received the email, and many Kraken customers stated they were still waiting.</p>
 <p class="paragraph">For its part, the fallen Bitcoin exchange warned that users whose accounts have been disabled or frozen will not be able to receive re<a rel="noopener noreferrer nofollow" title="payments" href="https://thebittimes.com/tag/payments.html">payments</a> using said <a rel="noopener noreferrer nofollow" title="addresses" href="https://thebittimes.com/tag/addresses.html">addresses</a> and specified that the emails concern <a rel="noopener noreferrer nofollow" title="payments" href="https://thebittimes.com/tag/payments.html">payments</a> in Bitcoin and Bitcoin Cash (BCH).</p>
 <h2 class="wp-block-heading" id="h-mt-gox-promised-it-would-start-repaying-shortly-last-november">Mt. Gox promised it would start repaying ‘shortly’ last November</h2>
 <p class="paragraph">The January 22 emails are likely a continuation of a Mt. Gox drive started in November 2023 that aims to return approximately 142,000 Bitcoin, 143,000 Bitcoin Cash, and ¥69 billion – worth more than $5.67 billion on the announcement date, and about $6.46 billion at press time.</p>
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 <p class="paragraph">At the time, the fallen exchange stated that re<a rel="noopener noreferrer nofollow" title="payments" href="https://thebittimes.com/tag/payments.html">payments</a> would take place in the coming months and weeks and specified that those <a rel="noopener noreferrer nofollow" title="creditors" href="https://thebittimes.com/tag/creditors.html">creditors</a> whose <a rel="noopener noreferrer nofollow" title="payment" href="https://thebittimes.com/tag/payment.html">payment</a> methods were determined to be “effective at this time” would start receiving their assets.</p>
 <p class="paragraph">Indeed, in late December 2023, several creditors reported that Mt. Gox started adding Yen-denominated balance to their PayPal (NASDAQ: PYPL) accounts.</p>
 <p class="paragraph">Likely as a result of perpetually moving deadlines and repayment timetables – as well as the overall length of the Mt. Gox bankruptcy – members of the crypto community on X took the news with a combination of cynicism and absurdist humor.</p>
 <p class="paragraph">Some started sharing memes depicting fictional events, such as “Mt. Gox refunds client with a Frapuccino,” while others described their belief that any hopes that clients will be made whole were “wishful thinking.”</p>
 <p class="paragraph">Indeed, the Tokyo-based exchange suffered from the exploit that ultimately led to its downfall in 2011 and officially closed its doors in February 2014 –&nbsp; 9 years and 11 months ago – meaning that its customers have been stuck in limbo for nearly one entire decade.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/mt-gox-confirms-creditors-addresses-for-btc-repayments-tbt77403.html">https://thebittimes.com/mt-gox-confirms-creditors-addresses-for-btc-repayments-tbt77403.html</a></p>

Mt. Gox confirms creditors’ addresses for BTC repayments

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