#Mt.Gox.creditors.started receiving their money in fiat currencies and #Bitcoin after 10 years.
_According to the latest news on social media. Creditors of bankrupt cryptocurrency trading platform Mt.Gox have started receiving payment after 10 long years of closure. Mt.Gox creditors get refunds in fiat or bitcoin Creditors of bankrupt bitcoin trading platform Mt.Gox have reportedly started receiving fiat payments in exchange for their bitcoins. These creditors' funds have been stranded on the trading platform since February 2014. Reports have emerged on social media, particularly from posts on the Reddit page r/mtgoxinsolvency. Until Mt.Gox sends refunds in Japanese Yen to users through #PayPal (NASDAQ:PYPL).
I received my payment,” Reddit user Free-end254 confirmed. Provided a screenshot of the email containing the PayPal receipt as proof. “I just got money!” Another Reddit user stated. He expressed initial skepticism about the email, thinking it might be a scam. However, they confirmed the legitimacy of the payment when it appeared in their PayPal account. The initial report of Mt.Gox's renewed payments surfaced on December 21, where a pseudonymous Japanese user Repayment to Creditors Bankrupt cryptocurrency trading platform Mt.Gox is working to repay all creditors whose funds were frozen after the trading platform was shut down in 2014. Just one month after Nobuaki Kobayashi, the trustee in charge of Mt.Gox's assets. Communicate via emails with rehab creditors about starting repayment on November 21. In the email, Kobayashi outlined a plan to begin initial repayments to creditors in cash in 2023. With expectations for continued repayments throughout 2024. However, Kobayashi did not disclose specific details regarding the timing of repayments to individual creditors for rehabilitation. We are yet to hear any official statement from Mt.Gox regarding refunds.
