MT. Gox began repaying creditors in Bitcoin and Bitcoin Cash on July 5, 2024, under a legal restructuring plan. Attorney Nobuaki Kobayashi oversees the process, ensuring verification and consent of creditors before distribution.
MT. Gox once managed 70% of global Bitcoin transactions but collapsed in 2014 due to the loss of 850,000 BTC, leading to bankruptcy and legal battles. The current restitution process marks an important step in redressing the consequences and bringing justice to affected parties.
This refund initiative marks an important moment of recovery and refund for the crypto community affected by the Mt. Gox.
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