The latest update on the Mt. Gox repayments reveals that the process is ongoing but remains complex. As of August 2024, more than 19,000 creditors have received their repayments in Bitcoin and Bitcoin Cash. However, the process is still far from complete, with around 65% of repayments finished, and the remaining creditors are expected to receive their funds gradually over the coming months.
Significant transactions have been made recently, including over $2.7 billion worth of BTC moved to various wallets, indicating that repayments are being processed, albeit slowly. Additionally, the repayment deadline has been extended to October 31, 2024, giving the trustee more time to finalize the distribution of assets. This extension means that creditors who haven't yet received their payments might still have to wait until late 2024 or early 2025.
