Mt. Gox Compensates Over 17000 Creditors, What’s Next?
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Defunct crypto exchange Mt. Gox has taken significant steps toward repaying its creditors, following its shutdown in 2014. As of July 24, 2024, the exchange has made repayments in Bitcoin (BTC) and Bitcoin Cash (BCH) to over 17,000 rehabilitation creditors. This marks a substantial move toward addressing the long-standing claims from the exchange's collapse.
Mt. Gox recently released a statement confirming the payments, highlighting the progress made in the repayment process. The exchange had faced intense scrutiny and legal battles over the years, making this development noteworthy for affected creditors and the broader crypto community.
The post about Mt. Gox's repayment process first appeared on CoinGape, a news outlet dedicated to cryptocurrency and blockchain updates.
Source: coingape.com ↗
