Mt.Gox has begun repaying BTC and BCH, and some creditors may have to wait up to three months

Some creditors of bankrupt Bitcoin exchange Mt. Gox may have to wait up to three months to receive repayments of their Bitcoin (BTC) or Bitcoin Cash (BCH), according to a trustee filing. Depends on which cryptocurrency exchange they file their claim through.

The reorganization trustee of Mt. Gox announced on Friday (5th) that the exchange has begun to repay some creditors through some designated cryptocurrency exchanges according to the reorganization plan. The trustee has previously detailed that the timeline for payments to appear in creditor accounts may vary by exchange, with Kraken exchange being given 90 days to process repayments, while Bitstamp may take up to 60 days, and repayments on BitGo will Shown within 20 days, both SBI VC Trade and Bitbank will complete payment within 14 days.

The trustee stated in the filing:

"Each designated cryptocurrency exchange, etc. is obliged to add the amount of BTC/BCH to the account balance of the reorganization creditor (or to BTC/BCH to the wallet associated with the account).

In today's announcement, the trustee stated that repayments to eligible creditors will be made in a timely manner if certain conditions are met, including confirmation of the validity of the registered account, acceptance of the agreement's intention to designate cryptocurrency exchanges, and completion of discussions with the trustee. .

A user on social platform X said today that his designated exchange account has received repayment of BTC and BCH from Mt. In response to other netizens' questions, the user stated that the BTC compensation he received was 13% of the original currency holdings in his Mt. Gox account that year, and he was not sure whether this was an accurate ratio.

According to data compiled by Arkham, the Mt Gox wallet moved 47,228.7 BTC (approximately $2.71 billion) into a wallet earlier today and subsequently moved the assets in multiple transactions, including transferring 1,545 BTC (approximately $85 million) Sent to a hot wallet at cryptocurrency exchange Bitbank.

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