Mt. Gox to Start Repaying Defunct Users in Bitcoin and Bitcoin Cash From July 2024

Mt. Gox, the cryptocurrency exchange that lost 850,000 Bitcoin in 2024, will start repaying its defunct users.

Cryptocurrency exchange Mt. Gox, which famously lost 850,000 Bitcoin in 2014, will begin repaying its defunct users.

The rehabilitation trustee announced that repayments will be processed in Bitcoin and Bitcoin Cash starting July 2024, according to a written note by the exchange issued on June 24.

The trustee has completed the exchange and confirmation of the required information with certain cryptocurrency exchanges, the statement said. The repayments will be made through these exchanges.

The trustee has requested users to remain patient, adding that the order of the payments will depend on the respective cryptocurrency exchange.

"We will commence the repayments in the order of the cryptocurrency exchanges with which the Rehabilitation Trustee will complete the exchange and confirmation of the required information. Please wait for a while until the repayments are made," the trustee stated.

Mt Gox to start $BTC and $BCH repayments in July. Expect turbulence, especially with Fed week this week too.

The Tokyo-based Mt. Gox was hacked in 2011 and went bankrupt in 2014 after it lost 850,000 #BTC. It will repay creditors around $9 billion in #Bitcoin,... pic.twitter.com/VXAzGnLncg

This announcement comes after a long period of anticipation from the users who lost their funds. The rehabilitation process has been ongoing for several years. The trustee's latest statement suggests that the process is moving forward.

News source：https://www.kdj.com/cryptocurrencies-news/articles/mt-gox-start-repaying-defunct-users-bitcoin-bitcoin-cash-july.html

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