Mt. Gox Plans to Commence Debt Repayment in Cash This Year
WikiBit 2023-11-23 18:33Mt. Gox Plans to Commence Debt Repayment in Cash This Year
Mt. Gox is planning to begin cash repayments to creditors in 2023, and the process may extend into 2024. The trustee for the exchange, Nobuaki Kobayashi, stated in an email that due to the large number of creditors, specific repayment timelines have not been determined, and as a result, it is not possible to notify each creditor in advance of the exact repayment timing. Creditors can check the repayment status in the claims filing system. Mt. Gox was established in 2010 and became the world's largest
Bitcoin exchange
by 2013 but halted all withdrawals in early 2014 and filed for bankruptcy protection after losing over 800,000 bitcoins.
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