Former Japanese cryptocurrency exchange Mt. Gox said it has sent Bitcoin (BTC) and Bitcoin Cash (BCH) to some creditors after announcing it would begin repaying former users.
Some Mt. Gox creditors received repayments in Bitcoin (BTC) and Bitcoin Cash (BCH) as part of the company’s revival plan, Nobuaki Kobayashi, Mt. Gox’s agent in charge of the creditor repayment process, said in a note.
As a reminder, Mt. Gox had to return nearly 150,000 BTC, or about $9 billion in Bitcoin, to its former users
The press release reviewed the conditions required for creditors to be repaid, and Mt. Gox asked for patience.
The repayment process may indeed take some time before this $9 billion in Bitcoin is returned to its original owners.
The announcement of the first BTC is good news for creditors of Mt. Gox, the former cryptocurrency exchange that was hacked in 2014.
In fact, former Mt. Gox users have been waiting for 10 years for the return of the Bitcoin they held on the cryptocurrency trading platform, which was a benchmark in the industry at the time.
Bitcoin was not very expensive at the time, and if former users had withdrawn the same amount of Bitcoin they held at the time, they would have been able to make huge profits after the decade when Bitcoin prices have risen.
