Reddit

Bitcoin

Read

Simply

/send

<div class="protos">
 <div>
  <div>
   <div>
    <p>Creditors of hacked crypto exchange Mt. Gox have been contacted by its trustee to <a rel="noopener noreferrer nofollow" title="confirm" href="https://thebittimes.com/tag/confirm.html">confirm</a> their <a rel="noopener noreferrer nofollow" title="account" href="https://thebittimes.com/tag/account.html">account</a> details, as the firm gears up to <a rel="noopener noreferrer nofollow" title="repay" href="https://thebittimes.com/tag/repay.html">repay</a> them, with at least two <a rel="noopener noreferrer nofollow" title="creditors" href="https://thebittimes.com/tag/creditors.html">creditors</a> reportedly receiving funds.</p>
    <p>In an email sent to several creditors, Mt. Gox’s rehabilitation trustee has confirmed the existence of their accounts and indicated that repayments of bitcoin and bitcoin cash are anticipated.</p>
    <p>“Please note that you may not be able to receive repayment in BTC/BCH if your account is disabled of frozen in the future,” the email warned.</p>
    <p>Several creditors have shared their copy of the email on Reddit. It appears that Bitstamp users and several Kraken users have received the confirmation.</p>
    <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
     <div class="wp-block-embed__wrapper">
      <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
       <p lang="en" dir="ltr">BREAKING: Mt. Gox confirms creditors' #Bitcoin addresses for repayment. Chances of 200,000 #BTC to hit the market over the next two months, per Reddit post pic.twitter.com/ABWLo6iPEw</p>— Simply Bitcoin (@SimplyBitcoinTV) January 23, 2024
      </blockquote>
     </div>
    </figure>
    <p><em>Read more: Who owns MtGox claims to billions of dollars in bitcoin?</em></p>
    <p>One creditor in Poland and another in Japan report receiving their repayments. They say 80% of their claim was returned in US dollars via a bank transfer.</p>
    <p>The first Mt. Gox <a rel="noopener noreferrer nofollow" title="creditor" href="https://thebittimes.com/tag/creditor.html">creditor</a> <a rel="noopener noreferrer nofollow" title="repay" href="https://thebittimes.com/tag/repay.html">repay</a>ments began in December 2023, with several reportedly receiving their <a rel="noopener noreferrer nofollow" title="repay" href="https://thebittimes.com/tag/repay.html">repay</a>ments twice. In September, the <a rel="noopener noreferrer nofollow" title="repay" href="https://thebittimes.com/tag/repay.html">repay</a>ment deadline was extended by a year to October 2024. At the time, the Mt. Gox estate held 142,000 bitcoin (worth $5.5 billion at press time), 143,000 bitcoin cash ($32 million), and 69 billion <a rel="noopener noreferrer nofollow" title="Japan" href="https://thebittimes.com/tag/japan.html">Japan</a>ese yen ($466 million).</p>
    <p>Mt. Gox was one of the first crypto exchanges. It once facilitated over 70% of all bitcoin trades before it collapsed in 2014. Around 24,000 creditors were affected and 850,000 bitcoin was lost.</p>
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p>
   </div>
  </div>
 </div>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/mt-gox-repays-some-creditors-emails-others-to-confirm-accounts-tbt77427.html">https://thebittimes.com/mt-gox-repays-some-creditors-emails-others-to-confirm-accounts-tbt77427.html</a></p>

Mt. Gox repays some creditors, emails others to confirm accounts

TheBitTimes

Other articles published on Jan 23, 2024

Ethereum’s Market Fluctuations: A Recent Overview

Deciphering Option Data and Short-Term Panic Orders in Bitcoin Market

XRP Investors on Alert as XRP Price History Signals Stormy February Ahead

Bitcoin Falls Below $40,000: Market Awaits Next Scenario

Mt. Gox Advances in Bitcoin Repayment Process, Engages Creditors

JUST IN: Popular Binance-Listed Altcoin Announces Partnership Agreement with Alibaba Cloud

Join our free newsletter for daily crypto updates!