Bitcoin Cash

Bitcoin

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Mt. Gox creditors could wait 3 months until they receive their repayments.</li>
 <li>Earlier today, the exchange started making repayments based on the rehabilitation plan.</li>
</ul>
<p>According to new reports, Mt. Gox creditors may have to wait up to three months until they receive their Bitcoin or Bitcoin Cash repayments.</p>
<p>The process depends on which crypto exchanges they made claims with, as per the trustee document.</p>
<p>Earlier today, Mt. Gox announced that it had started making repayments to a part of the designated crypto exchanges based on the rehabilitation plan.</p>
<p>In the official notes, the trustee revealed that the timeline for payouts to become visible in creditors’ accounts could vary depending on the exchanges.</p>
<ul>
 <li>Kraken is given 90 days to process payouts.</li>
 <li>Bitstamp may take up to 60 days.</li>
 <li>BitGo will have payouts made visible within 20 days.</li>
 <li>SBI VC Trade and Bitbank will both complete payouts within 14 days.</li>
</ul>
<p>In the <a href="https://www.mtgox.com/img/pdf/20240705_01_announcement_en.pdf" rel="noopener noreferrer nofollow" target="_blank">official document</a>, the exchange wrote that each of the designated crypto exchanges is obligated to add the number of BTC and BCH to the balance of a rehabilitation creditor’s account or to transfer BTC or BCH to a wallet linked to the account within a certain number of days after the day of the BTC/BCH transfer from the Rehabilitation Trustee.</p>
<h2 id="repayments-to-eligible-creditors">Repayments to Eligible Creditors</h2>
<p>In the same announcement, the exchange also said that repayments to eligible creditors will be made only if they meet certain conditions.</p>
<p>These include the following:</p>
<ul>
 <li>Confirmation of the validity of registered accounts</li>
 <li>Acceptance of the intention to subscribe to an agreement by designated exchanges</li>
 <li>Completion of discussions with the trustee</li>
</ul>
<p>Last month, Mt. Gox <a href="https://crypto.ro/en/news/breaking-mt-gox-to-distribute-9-2-billion-in-bitcoin-and-bitcoin-cash-to-creditors-starting-july-2024/" rel="noopener noreferrer nofollow">revealed</a> that it would begin distributing over $9 billion worth of funds in Bitcoin and Bitcoin Cash, along with fiat, to creditors at the beginning of July.</p>
<p>Today, <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price dropped below $54,000 ahead of a rebound and it’s currently trading at around $54,500 amidst My. Gox repayments.</p>

Mt. Gox Creditors Could Wait 3 Months For BTC And BCH Repayments

Innholdsfortegnelse

crypto.ro global

Andre artikler publisert på 5. juli 2024

Telegram Based Crypto Game Hamster Kombat Hits 239 Million Users In 81 Days

The Limelight Continues To Shine On Raboo As Avalanche And Solana Investors Take Notice!

Hackers Exploit Old HTTP File Server to Install Monero Miners

Ripple CTO Breaks Silence on XRP Price

Turn $600 to Millions With BlockDAG’s Futuristic Tech Driven By $55.6M Presale, Updates on Dogeco...

Shape the Future of Gaming: Tap into Trikon’s Dynamic Developer Ecosystem and secure $1 Million G...

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!