Kraken Creditor Repayment: Funds From Mt. Gox Received

IconCryptoNewsTerminal Staff16 Jul, 2024

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Kraken Creditor Repayment: Funds From Mt. Gox Received

Kraken Announces Receipt of Funds for Creditor Repayment from Mt. Gox In a recent announcement, Kraken informed its creditors that they have successfully received the Bitcoin (BTC) and Bitcoin Cash (BCH) designated for creditor repayment from Mt. Gox. The exchange is now working to process the repayment as quickly as possible and expects the funds to be credited to creditor accounts within 7-14 days. This development marks a significant milestone in the ongoing efforts to resolve the Mt. Gox bankruptcy case. Kraken, which was appointed as the rehabilitation trustee for Mt. Gox in 2021, has been working diligently to recover and distribute funds to affected creditors. The successful receipt of these funds is a testament to the hard work and dedication of the Kraken team. It brings creditors one step closer to receiving the compensation they are owed and marks a positive step forward in the resolution of this long-standing case.

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