Mt.Gox issued an announcement stating that following multiple repayments in July 2024, on August 21, 2024, in accordance with the compensation plan, repayments were made to some creditors in the form of BTC and Bitcoin Cash through some designated cryptocurrency exchanges. To date, repayments have been made to more than 19,000 creditors.
Mt.Gox cold wallet address transferred 1264.7 BTC (about 75.36 million US dollars) to Bitstamp today. In 2014, Mt.Gox, the world's largest exchange that once accounted for 70% of Bitcoin trading volume, was exposed to hacker attacks. A total of 100,000 Bitcoins and 750,000 Bitcoins of users were stolen (200,000 Bitcoins were later recovered and about 60,000 Bitcoins were sold in succession). User assets were "vanished" overnight, and Mt.Gox filed for bankruptcy three days later.
Recalling the "Mentougou Incident", many investors still feel frightened.
Since the bankruptcy, the bankruptcy proceedings have continued to seek compensation methods for users affected by the Mt. Gox bankruptcy, but the bankruptcy trustee hopes to compensate these users' losses through the Bitcoin owned by the exchange, rather than compensating with the fiat currency of equal value corresponding to the Bitcoin at the time. Therefore, after 10 years, the compensation case has progressed slowly.
It was not until October 2022 that Mt. Gox announced that it would open registration for creditors' claims, with 140,000 bitcoins waiting to be delivered for repayment; the Mt. Gox bankruptcy trustee then announced in November last year that it planned to pay the first cash compensation to creditors starting in 2023, and expected to continue paying in 2024; in January of this year, Mt. Gox announced that it would begin unlocking bitcoins to repay creditors.
