Fun

Mt. Gox trustee updates Bitcoin and fiat repayment timetable

News Feed - 2024-04-22 08:04:21

Helen Partz12 hours agoMt. Gox trustee updates Bitcoin and fiat repayment timetableMt. Gox creditors can now see the amount of Bitcoin and Bitcoin Cash expected to be repaid this year on the Mt. Gox rehabilitation claims system.3052 Total views27 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksUsers of the hacked cryptocurrency exchange Mt. Gox received another optimistic signal regarding compensation for hacked funds, with Mt. Gox trustee updating some crucial repayment data.


Multiple Mt. Gox creditors have reported that their Mt. Gox claims accounts were updated with information about Bitcoin (BTC), Bitcoin Cash (BCH) and fiat repayment, with many suggesting that cryptocurrency repayments are coming soon.


Some of the first such reports surfaced on the Mt. Gox insolvency subreddit in mid-April, with users reporting the addition of amounts to be paid in the repayment data table on their accounts.


According to a screenshot shared by one creditor, the Mt. Gox claims accounts now show a table with repayment status and other entries, 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,” one Mt. Gox creditor wrote on April 22, adding that the payment came more than a month after the first table update appeared on the claims account.


“Table had been updated March 15 first then April 8 second then April 18 when BTC lines arrived,” the Redditor stated.


The latest additions of Bitcoin on the accounts in the Mt. Gox rehabilitation claims system is a major move for Mt. Gox creditors signaling disbursement of crypto or fiat will happen, one Mt. Gox creditor told Cointelegraph.


Related:Bankrupt Voyager platform secures $484M for creditor repayments


“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.”


Founded in 2010, the now-defunct Mt. Gox was once the biggest Bitcoin exchange in the world, estimated to account for 70% of all BTC transactions before implosion. The platform lost 850,000 BTC to a security breach in 2014.


Mt. Gox is expected to repay its creditors 142,000 Bitcoin and 143,000 in the forked cryptocurrency Bitcoin Cash in addition to 69 billion Japanese yen ($510 million) by October 2024.Source: MtGoxBalanceBot


The latest table updates followed the completion of identity verification of Mt. Gox creditors and their crypto exchange accounts that would be used to repay Bitcoin and Bitcoin Cash in January 2024. Some available platforms include Bitstamp, Kraken, Bitbank, BitGo and SBI VC Trade.


Magazine:Bitcoin Halving will pump games, Shrapnel’s ‘simple’ secret revealed: Web3 Gamer# Bitcoin# Japan# Business# Cryptocurrency Exchange# HacksAdd reaction

News Feed

Marcel Pechman4 hours agoBitcoin derivatives traders target $40K BTC price now that Binance is resolvedBTC futures and options held firm despite a wave of negative news, and data shows traders targeting $40,000.1388 Tota
Turner Wright4 hours agoUK government moves forward on bill aimed at empowering authorities to seize cryptoFollowing a third reading in the House of Lords, the Economic Crime and Corporate Transparency Bill will return t
Ethereum Validator Count Surpasses 500,000 Ahead of Upcoming Shanghai Hard Fork
Ethereum Validator Count Surpasses 500,000 Ahead of Upcoming Shanghai Hard Fork According to statistics, the number of Ethereum network validators on the Beacon chain exceeded 500,
Bermuda Starts Development of a Blockchain-Based National ID System
The initial phase of Bermuda’s national blockchain-based electronic identification program is setting sail, one of very few such initiatives anywhere. A digital ID solution f
Malaysia adopts Worldcoin for personal verification and digital ID
Amaka Nwaokocha11 hours agoMalaysia adopts Worldcoin for personal verification and digital IDMalaysia aims to tackle national challenges and unlock economic opportunities by adopting cutting-edge biometric verification t
Ron Paul Cautions Government Could Still Ban Bitcoin — Says He’s Influenced ‘a Whole Lot’ by History
Ron Paul Cautions Government Could Still Ban Bitcoin — Says He"s Influenced "a Whole Lot" by History Former U.S. Congressman Ron Paul says he still believes that the government c
Tokenized asset market to hit $10T by 2030: Chainlink report
Josh O"Sullivan5 hours agoTokenized asset market to hit $10T by 2030: Chainlink reportDespite current crypto market volatility, Chainlink projects rapid growth in tokenized assets, driven by institutional demand and regu
3 Reasons the Stock Market Could Avoid Record Highs Next Week
Stock markets are on an 8-day gain streak near record highs but there may be hurdles ahead. | Source: AP Photo/Richard Drew, FileThe U.S. stock market has demonstrated strong moment
Tom Blackstone11 hours agoLedger announces U.S. PayPal integration, lets users buy crypto from within appThrough the new integration, verified PayPal users in the United States will be able to buy BTC, ETH, BCH, and LTC
Dogwifhat leads the market with 13% gain — What’s driving WIF price?
Nancy Lubale30 minutes agoDogwifhat leads the market with 13% gain — What’s driving WIF price?WIF booked a double-digit rebound to outperform memecoins, Bitcoin and altcoins which remain in sell-off mode.143 Total vi
Turner Wright2 hours agoGrayscale resolves lawsuit with Fir Tree over proposed changes to Bitcoin TrustFir Tree hinted at potential additional litigation against Grayscale and parent company Digital Currency Group based
Starknet’s STRK token drops as Nethermind and airdrop hunters dump millions
Jesse Coghlan2 hours agoStarknet’s STRK token drops as Nethermind and airdrop hunters dump millionsSTRK’s token has fallen by over 50% since its launch on Feb. 20 as airdrop hunters and large token recipients sell mi