Satoshi_Club

#MtGox creditors may need to wait up to three more months to receive their #Bitcoin repayments.Initially expected to start from March 10, 2023, with a final deadline of September 30, the repayment process has now been extended to October 31, 2024.

This extension is due to the time required for verifying repayment information and coordinating with financial institutions.Despite the overall delay, some creditors might start receiving their payments by the end of this year, as repayments will be processed sequentially based on the submission of necessary information.

The total repayment includes a mix of Bitcoin, Bitcoin Cash, and Japanese Yen, with the first 200,000 yen worth of each creditor’s claim paid in yen and the remaining amount split between crypto and fiat.