The long-defunct crypto exchange, Mt. Gox has once again shared a fresh hope of repayments to its creditors who lost 850,000 Bitcoin in 2014 via a hacking incident.
The trustee overseeing Mt. Gox’s estate, Nobuaki Kobayashi sent an email to users on November 21 and said to commence repayments to creditors as soon as the end of this year.
A Reddit user posted a detailed email on r/mtgoxinsolvency subreddit and shared that the email was sent from a send-only email address by the Rehabilitation Trustee.
“However, due to the large number of rehabilitation creditors who will receive repayment, the varying types of repayments, the different preparation and processing times required to make the repayment, repayments will continue into 2024,” said the email.
Kobayashi said that creditors are currently not required to take any action to receive repayments but they may require to update or provide additional information in the future. Users can confirm their repayment status at claims.mtgox.com.
The email comes after the Mt. Gox trustee shared an announcement of receiving an amount of JPY 7 billion, approximately $47 million, from the asset redemption. The announcement noted that the amount of the Trust assets remains over JPY 8.8 billion after redemption.
The creditors have heard from the Rehabilitation Trustee months after the announcing repayment plan in April. Back then, the trustee said that some early lump of repayments to creditors could be expected before October.
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