A Date For The Mt. Gox Repayment Is Set, How Will This Affect Bitcoin?
The Mt. Gox Bitcoin payments have been long anticipated. The process has lasted several years, and finally, in 2021, there is now recourse in sight for all who were affected. Attorney-at-law Nobuaki Kobayashi has been appointed as the Rehabilitation Trustee and will be in charge of the repayment process. This is expected to happen over a number of months, and a concrete date has now been set for when repayments may commence. Save The September Date Since the announcement of the Mt. Gox bitcoin repayment plan back in July 2021, affected users have been waiting for when the repayment would....
Related News
After nearly three years of uncertainty, FTX, once a dominant player in the cryptocurrency exchange arena, is set to initiate the repayment process for its Bahamas-based creditors on February 18. This long-awaited move comes in the wake of the exchange’s filing for bankruptcy in November 2022, following a severe liquidity crisis that led to its […]
The FTX crypto exchange going down will forever be remembered as a dark day in crypto. But props to the company for finally starting to repay creditors. It went through with its first round of repayments on February 18, where it paid out the ‘Convenience Class,’ i.e., investors who lost up to $50K. The next FTX repayment distribution will happen on May 30. In addition to the company’s trading partners and vendors, this round will address investors who had assets on the exchange when it went under. It’s worth noting, however, that in order to qualify for this round....
Users of the Mt. Gox exchange may be one step closer to getting their funds back after trustee Nobuaki Kobayashi announced the options for repayment. Creditors from the defunct crypto exchange Mt. Gox have until January 2023 to register and select a repayment method as part of the plan by which they will be compensated them for their losses.According to an Oct. 6 announcement from Mt. Gox trustee Nobuaki Kobayashi, creditors have until Jan. 10 to select a repayment method and to register payee information in an online rehabilitation claim filing system to be paid through bank remittance,....
The Mt. Gox rehabilitation trustee asked creditors to choose between bitcoin, cash or Bitcoin Cash to receive repayment, risking pressuring the market further.
The Mt. Gox hack was a watershed moment for bitcoin. And the future repayment to the affected people will surely be another one. Since we’re in a bear market, most people worry about what effect will those 140K BTC will have on the price. Will the Mt. Gox class prove to be holders or will they sell it all as soon as they get it? That’s a question for another day, since the Mt. Gox class has until January 10th, 2023, to complete registration and select their preferred payment method. Related Reading: Mt Gox Gets Approval To Return 141,686 To Victims Affected In 2014 Hack The last time we....