Mt. Gox begins repaying bitcoin to creditors a decade after exchange's collapse. What it means.
The trustee for Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago, on Friday said the company has begun to make payments in bitcoin and in bitcoin cash to some of its creditors.
The trustee for Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago, on Friday said the company has begun to make payments in bitcoin and in bitcoin cash to some of its creditors.
The announcement added that repayments to other users of the hacked exchange would be “promptly made” if they meet certain conditions, including undergoing account verification, as well as subscribing to one of the designated digital asset exchanges through which the bankruptcy estate is facilitating disbursements in digital tokens.
“We ask eligible rehabilitation creditors to wait for a while,” continues the statement.
The price of bitcoin has plunged nearly 6% in the past 24 hours.
Customers of the Tokyo-based exchange have been waiting 10 years to get their money back.
Rating: 5