Has Mt.Gox, The Crypto Exchange That Went Bankrupt Years Ago, Started Repayments?

Screenshots were shared showing that Japan-based #Bitcoin exchange Mt.Gox, which could not recover after the cyber attack it suffered in 2014 and had to declare bankruptcy, started repayments.

Refund receipts shared by several users on the social media platform Reddit excited the market. After a long process that lasted 10 years, some users shared their #PayPal (NASDAQ:PYPL) receipts on Reddit, claiming that they started receiving their payments.

Buyers received an email from the #Mt.Gox trustee in November informing them that payments would begin. In this information, it was stated that the payment process will continue throughout 2024. In the last case heard in September, Mt.Gox's repayment period was extended until October 31, 2024. Investors with assets in the crypto exchange have been waiting for more than 10 years for their funds to be paid. Although statements were made from time to time during this process that the payments would begin, the repayments were postponed several times.

While the screenshot shared by some users came to the fore as an important development that the #Mt.Gox trustee has started payments, the fact that there has not been an official statement yet has made these shares nothing more than claims.

On the other hand, after the cryptocurrency markets started the new day flat, they were subjected to sharp sales towards European trading hours. While the total market value decreased by 2% within an hour, the downward momentum was seen to slow down slightly in the last hour.

After dropping 2% from $43,400 to $42,500 during this decline, Bitcoin has now seen a partial recovery towards $42,800.

Another rumor in the market as a reason for the partial decline is that FTX, the crypto exchange that went bankrupt last year, has also started selling crypto assets to pay users.

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