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Mt. Gox Creditors Receive $9.4B in Bitcoin After Decade-Long Legal Battle

Jul 30, 2024, 11:58 AM

After more than a decade of legal battles, the long-awaited creditor distribution of Bitcoin recovered from the Mt. Gox exchange collapse is underway. Historic redistribution of 138,600 BTC has been completed, including 59,000 BTC already distributed and 79,600 BTC to follow. Nearly half of the 141,686 Bitcoin, valued at $9.4 billion, owed to Mt. Gox creditors has been distributed. Despite receiving over $4 billion in Bitcoin, which has appreciated more than 8,500% since the collapse, most creditors appear to be holding onto their assets. A test transaction of 0.02 BTC and 0.0001 BTC was sent to a new address, indicating the start of the distribution process.