Mt.Gox Trustee Updates Creditor Payout Information

Reddit users reported the disclosure of amounts in Bitcoin, Bitcoin Cash, and Japanese yen to be paid to Mt.Gox users.

According to a screenshot, the claims accounts now display a table with the status of repayments, including completed and pending obligations.

Some platform clients have reported receiving fiat currency in their bank accounts.

“USD arrived in the HSBC foreign currency account. […] The table was updated on March 15, then April 8, and April 18, when Bitcoin entries appeared. Hang in there, your time will come!” — reads the message.

It is anticipated that Mt.Gox will distribute its assets of 142,000 BTC, 143,000 BCH, and 69 billion yen to creditors by October 31, 2024.

In January, the platform confirmed client addresses for compensation.

Clients of Mt.Gox have been waiting for the return of their funds for ten years. The civil rehabilitation process began in June 2018. In 2021, the Tokyo court approved the exchange’s plan.

The trustee presented the compensation proposal in December 2020. Details of the plan became known in January 2021, and in February, the court approved it for subsequent voting.

The voting started on May 31 and concluded on October 20. Approximately 83% of the exchange’s users supported the compensation initiative.