Key Points
- Several Mt. Gox creditors report updates on their claim accounts regarding Bitcoin and fiat repayments.
- Reimbursements are expected to be completed by October 2024, including 142,000 Bitcoin, 143,000 Bitcoin cash, and 69 billion Japanese yen.
Updates on Mt. Gox Creditors' Claims
Several creditors of the now-defunct Mt. Gox exchange have reported updates on their claim accounts.
Specifically, the trustee has added details of repayments in both Bitcoin and fiat currencies.
One creditor stated, "I just logged in and it finally populated the repayment table with JPY, BTC and BCH claims. Nothing received yet though."
Fiat Repayments Received
Screenshots have surfaced showing the status of fiat currency repayments labeled as complete.
Several creditors have reportedly received these fiat repayments in their bank accounts.
One user stated, "Money received as USD into an HSBC currency account and looks like zero fees."
This user further reported that the fiat transfer arrived in their bank account over a month after the fiat currency repayments part of the table was updated.
Mt. Gox, founded in 2010, was the largest Bitcoin exchange globally until a security breach in 2014 led to the loss of 850,000 Bitcoin.
In September 2023, the trustee of the defunct exchange announced that creditors would be reimbursed with 142,000 Bitcoin, 143,000 Bitcoin cash, and fiat currency totaling 69 billion Japanese yen (around $510 million) by October 2024.
