New Compensation Batch for Mt. Gox Clients

Clients of the cryptocurrency exchange Mt. Gox have received a new batch of compensations. Payments through the Kraken exchange resumed on July 23. Mt. Gox continues to make payments totaling $9 billion.

History of Mt. Gox

Mt. Gox operated from 2010 to 2014, handling 70% of the world's Bitcoin trading volume. After a series of hacker attacks, the exchange lost 850,000 BTC, which is worth over $50 billion at today's prices. In 2014, Mt. Gox declared bankruptcy.

Compensation Payments

In 2021, a rehabilitation plan was developed for affected clients. Mt. Gox's trustees are distributing 142,000 Bitcoins ($9 billion), 143,000 Bitcoin Cash ($53 million), and 69 billion Japanese yen. The first yen payments began at the end of 2023, with cryptocurrency payments starting in July 2024.

Payments via Exchanges

Bitcoins are transferred through platforms Kraken, Bitstamp, BitGo, and Bitbank. As of July 23, 32,371 Bitcoins ($2.13 billion) were transferred to an unknown address. The remaining 90,000 Bitcoins worth $5.9 billion in Mt. Gox's wallets continue to be monitored by the market.