Mt Gox Creditors Set to Receive $9B in BTC Soon: Bloomberg

Mt Gox Creditors Set to Receive $9B in BTC Soon: Bloomberg

Mt Gox creditors are expected to start receiving their Bitcoin (BTC) soon, worth around $9 billion, according to a report by Bloomberg. Some creditors have already received updates regarding the repayment procedures, including information on the number of tokens to be returned and the expected date of distribution. Brian Dixon, CEO of Offchain Capital, which purchased Mt Gox debt, said he knows the repayment date but declined to share it publicly. Adam Back, CEO of Blockstream, stated that he has information on the number of tokens he will receive but is still waiting for a specific date. Mt Gox is expected to distribute a total of 142,000 BTC, 143,000 BCH, and 69 billion yen to creditors as part of the rehabilitation process, which is scheduled to continue until October 2024. Previously on April 22, 2024, Bloomberg reported that creditors of the bankrupt Mt Gox exchange were likely to start receiving their Bitcoin (BTC) soon, worth around $9 billion. It was reported that some creditors had received updates regarding the repayment procedures, including information on the number of tokens to be returned and the expected date of distribution. Brian Dixon, CEO of Offchain Capital, which purchased Mt Gox debt, said he knows the repayment date but declined to share it publicly. Adam Back, CEO of Blockstream, stated that he has information on the number of tokens he will receive but is still waiting for a specific date. Mt Gox is expected to distribute a total of 142,000 BTC, 143,000 BCH, and 69 billion yen to creditors as part of the rehabilitation process, which is scheduled to continue until October 2024. As previously reported by Cointelegraph, the exchange added support for BTC, BCH, and JPY on its creditor repayment information page.