Creditors of Mt. Gox disclose new information on the status of claims system payouts
Multiple creditors of the Mt. Gox platform have recently noticed an update to their claims accounts. The manager of Mt. Gox has added specific repayment amounts and completion dates to these accounts, as reported on the subreddit dedicated to Mt. Gox. Creditors who are eagerly awaiting repayment have seen their claims accounts updated with information regarding Bitcoin (BTC), Bitcoin Cash (BCH), and fiat payouts. Many are speculating that cryptocurrency payouts will commence in the near future.
Screenshots that have been published show that the repayment status in the section for requesting a return in fiat currency is marked as completed. Several users have confirmed that they have received fiat currency payments in their bank accounts.
According to one user, the fiat transfer arrived in their bank account more than a month after the update was made to the fiat payment section of the table. The table was initially updated on March 15, then on April 8, and again on April 18, when the BTC lines appeared.
By October 2024, Mt. Gox is expected to pay its creditors 142,000 BTC, 143,000 BCH, and a sum of 69 billion Japanese yen, equivalent to $510 million. The creditors of Mt. Gox have patiently waited for a decade to receive their funds. The civil rehabilitation process began in June 2018, and in 2021, a Tokyo court approved the proposed plan for the exchange.
In December 2020, the trustee submitted a proposal for reimbursement, with the details of the plan being revealed in January 2021. In February, the court approved the plan for a subsequent vote.
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