Kraken Begins Distributing Bitcoin and Bitcoin Cash to Mt. Gox Creditors After 11-Year Wait

Jul 23, 2024, 05:05 PM

Kraken has begun distributing Bitcoin and Bitcoin Cash to Mt. Gox creditors, marking the start of a long-awaited repayment process. Customers have reported receiving their funds in Kraken accounts, with distributions confirmed by multiple sources. The distribution follows Kraken's receipt of creditor funds from the Mt. Gox trustee on July 16. While many users on Kraken have confirmed receipt, Bitstamp users have not yet reported receiving their funds. The distribution includes both Bitcoin and Bitcoin Cash, with Bitcoin Cash experiencing a 2.5% drop in value in the past hour. This marks the end of an 11-year wait for Mt. Gox creditors.