Trustee of Mt. Gox provides revised schedule for the repayment of Bitcoin and fiat currencies

Users of the hacked cryptocurrency exchange Mt. Gox have received encouraging news about the reimbursement of their hacked funds, as the Mt. Gox trustee has provided an update on repayment data.
Numerous Mt. Gox creditors have reported that their Mt. Gox claims accounts have been updated with information regarding Bitcoin (BTC), Bitcoin Cash (BCH), and fiat repayment. Many believe that cryptocurrency repayments will be made soon.
The first reports of these updates emerged on the Mt. Gox insolvency subreddit in mid-April, with users stating that amounts to be paid were added to the repayment data table on their accounts.
A screenshot shared by one creditor reveals that the Mt. Gox claims accounts now display a table showing the repayment status and other details, such as the amount of completed repayment and the amount of incomplete repayment.


Source: Mt. Gox insolvency hub
According to multiple posts on the Mt. Gox insolvency hub on Reddit, some creditors have already received fiat currency in their bank accounts.
“Money received as USD into an HSBC currency account and looks like zero fees,” wrote one Mt. Gox creditor on April 22, adding that the payment came more than a month after the initial table update appeared on the claims account.
“The table had been updated on March 15, then April 8, and finally on April 18 when BTC lines arrived,” the Redditor stated.
A Mt. Gox creditor informed Cointelegraph that the recent addition of Bitcoin to the accounts in the Mt. Gox rehabilitation claims system is a significant development, indicating that the disbursement of crypto or fiat will soon occur.
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“In comparison, last December, Japanese claimants received notes on their page, and within two weeks, they saw fiat in their accounts via PayPal and private banks,” the creditor said, adding, “Let’s hope the crypto remittance echoes that of its fiat predecessor.”
Established in 2010, the now-defunct Mt. Gox was once the largest Bitcoin exchange in the world and was estimated to handle 70% of all BTC transactions before its collapse. In 2014, the platform suffered a security breach that resulted in the loss of 850,000 BTC.
Mt. Gox is expected to reimburse its creditors with 142,000 Bitcoin and 143,000 Bitcoin Cash, as well as 69 billion Japanese yen ($510 million) by October 2024.


Source: MtGoxBalanceBot
The recent updates to the repayment data table followed the completion of identity verification for Mt. Gox creditors and their crypto exchange accounts, which will be used to repay Bitcoin and Bitcoin Cash in January 2024. Some of the available platforms for this process include Bitstamp, Kraken, Bitbank, BitGo, and SBI VC Trade.
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