Official announcements from the Mt. Gox Trustee or verified news from major financial news outlets

Mt. Gox to Begin $9 Billion Bitcoin and Bitcoin Cash Repayments in July 2024

Jun 24, 2024, 09:00 AM

Mt. Gox, the defunct cryptocurrency exchange, is set to begin distributing Bitcoin and Bitcoin Cash repayments to creditors starting at the beginning of July 2024. The repayments are part of a plan to return over $9 billion worth of Bitcoin to creditors. This announcement marks a significant step in the long-awaited process of compensating those affected by the exchange's collapse. The Mt. Gox Trustee has confirmed the distribution timeline, aiming to address claims that have been pending for years.