According to online buzz, people owed by the now-closed Bitcoin marketplace Mt. Gox are getting back their trapped Bitcoin payout as cash. These Bitcoins have been stuck in the exchange since Feb 2014.
However, posts on Reddit’s r/mtgoxinsolvency suggest that Mt. Gox has been refunded members in Japanese Yen through PayPal. This happened almost a decade after their money got stuck on Feb. 24, 2014. However, these reports are not confirmed.
“I’ve received payment,” declared Reddit user Free-end254, sharing a screenshot of the email featuring the PayPal receipt.
“Money just came in!” noted another Reddit user, expressing initial skepticism about the email being a phishing scam, only to confirm the actual deposit in their PayPal account.
One user revealed they’d only received some of their 0.125 Bitcoin claims. They got just about 30,283 yen, which equals $200 now. However, they are still waiting for about $748.
Mt. Gox Repayment Unveiled: Kobayashi Contacts Creditors Via Email
Moreover, the plan is to give repayments to debtors in different chunks. This includes the main repayment, the first large, and the middle.
A person who goes by the name Japanese X (who used to be on Twitter) was one of the first to say they’d gotten their Mt. Gox repayment. They called this through a bank transfer, which showed up in their account as Japanese Yen on Dec. 21.
Nobuaki Kobayashi, who manages Mt. Gox Bitcoin exchange’s possessions, started emailing repayment plans to creditors just one month ago. This marked the start of repayments on Nov. 21.
However, the email from Kobayashi shared that he aims to begin repaying creditors in 2023. He believes repayments will carry on into 2024. However, he didn’t specify when each creditor will receive their repayment.
Before this, on Sept. 21, the Mt. Gox Trustee extended the repayment deadline from Oct. 31, 2023, to the same day in 2024. However, creditors who had supplied the needed data could see repayments as soon as the end of the current year.
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