"Update on MtGox Repayments: Creditors Receive Funds
As of August 21, over 19,000 creditors have received their share of Bitcoin and Bitcoin Cash repayments as part of the MtGox Rehabilitation Plan. This marks a significant milestone in the ongoing process to compensate those who lost funds when the exchange went bankrupt in 2014.
The trustee, Nobuaki Kobayashi, has been working diligently to facilitate the repayments through designated cryptocurrency exchanges. While progress has been made, there are still creditors awaiting their repayments.
The MtGox estate currently holds a substantial amount of assets, including approximately 142,000 Bitcoin, 143,000 Bitcoin Cash, and 69 billion Japanese yen. These funds will be distributed to creditors in due course.
Creditors who have yet to receive their repayments are advised to complete all necessary requirements to proceed. However, the repayment deadline has been extended to October 31, 2024."
