Mt.Gox customers start receiving payouts 10 years after the exchange’s bankruptcy
Social media users report receiving compensation in Japanese yen
26.12.2023 - 09:15
218
2 min
0
What’s new? Customers of the bitcoin exchange Mt.Gox, which went bankrupt in 2014, have started receiving payments, they report on social networks. Earlier, the exchange received permission from the Tokyo court to extend the deadlines for the base, the early lump-sum, and the intermediate repayments until October 31, 2024. At the same time, Mt.Gox manager Nobuaki Kobayashi reported that creditors who have already applied for repayments will start receiving funds at the end of this year.
What else is known? Mt.Gox, launched in 2010, was one of the first bitcoin exchanges in the world, it accounted for up to 70% of trading volume. In 2014, it ceased operations due to insolvency: it turned out that in previous years hackers had withdrawn 850 000 BTC belonging to 24 000 users from the platform thanks to a vulnerability. In total, 142 000 bitcoins, 143 000 Bitcoin Cash, and 69 billion Japanese yen were stored in the company’s accounts before the payments began.
The first reports of payments began to appear on December 21. Back then, a user under the nickname @visvirial reported in X that he received compensation by bank transfer in yen. On December 25, Reddit users began posting about receiving payouts to PayPal accounts. One of them noted that he initially accepted the payout notification in an email for a phishing attempt, but later the amount in yen actually arrived at the account. Another user said that he received only a fraction of the yen payouts from the total claims of 0,125 BTC and 0,125 BCH.
According to the receiver’s plan, payments to creditors will be made in several tranches.
Court freezes $1,14 billion in assets of 3AC fund founders
The company’s debt to creditors is estimated at $3,3 billion
Useful material?
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024