Bankrupt Bitcoin exchange Mt. Gox announced on Monday (24th) that it will repay creditors in the form of Bitcoin (BTC) and Bitcoin Cash (BCH) starting in early July 2024.
Mt.Gox announcement, source: Mt.Gox
Mt.Gox stated in the announcement that the reorganization trustee has been preparing for repayment in the form of BTC and BCH according to the reorganization plan. Now these preparations have been arranged, after completing the required information exchange and confirmation with the relevant exchanges. , Mt. Gox will begin repayment in due course, "repayment will begin in early July 2024."
Mt.Gox said it spent a lot of time ensuring safe and secure repayments to creditors, including technical remedies to ensure safe repayments, compliance with various countries’ financial regulations and discussions with cryptocurrency exchanges on repayment arrangements. The announcement reads:
"We will start repayments in the order of cryptocurrency exchanges that have completed the exchange and confirmed the required information with the restructuring trustee. Please wait for a while before repaying."
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