Bitcoin

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<ul class="news-points">
 <li>Bitstamp aims to distribute Mt. Gox compensation swiftly within its 60-day window.</li>
 <li>Japanese exchanges Bitbank and SBI VC Trade completed their distributions quickly.</li>
 <li>Uncertainty remains for other exchanges; 94,771 BTC still awaits distribution.</li>
</ul>
Crypto exchange Bitstamp has committed to expediting the distribution of Bitcoin to Mt. Gox creditors, aiming to complete the process well before the 60-day deadline allotted by the defunct exchange’s trustee.
“According to the agreement with Mt. Gox trustees, Bitstamp has 60 days to distribute the tokens, though we are of course working to make sure those investors are made whole as soon as possible,” Bitstamp revealed in a statement.&nbsp;
This announcement provides insight into the Mt. Gox creditor repayment timeline, a topic of significant interest to investors and market commentators. The refunds are being processed through five exchanges, each with varying timelines for coin distribution following their receipt from the trustee.
Notably, <a href="https://www.nasdaq.com/articles/mt-gox-begins-repayments-bitcoin-and-bitcoin-cash" target="_blank" rel="noopener noreferrer nofollow">two Japanese exchanges</a>, Bitbank and SBI VC Trade, have already received and distributed their allocated funds, completing the process within hours rather than the maximum two we…
The post <a href="https://coinedition.com/mt-gox-bitcoin-distribution-timeline-which-exchanges-are-paying-out-first/" rel="noopener noreferrer nofollow">Mt. Gox Bitcoin Distribution Timeline: Which Exchanges Are Paying Out First?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Mt. Gox Bitcoin Distribution Timeline: Which Exchanges Are Paying Out First?

Coin Edition

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