Mt. Gox Announces Cash Repayments to Creditors Starting in 2023

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Mt. Gox, the defunct Bitcoin exchange that collapsed in 2014, is planning to initiate cash repayments to its creditors in the coming years. The rehabilitation trustee overseeing the bankruptcy proceedings has announced that repayments will begin in 2023 and are expected to continue into 2024 due to the large number of creditors involved. The specific timing of repayments for individual creditors is still uncertain, and advance notice will not be provided. Creditors can track the status of their repayments through the claim filing system. Mt. Gox, once a major player in the cryptocurrency market, suffered a significant hack in 2011, leading to its bankruptcy. The subsequent legal disputes and market fluctuations caused delays in the repayment process. Despite its troubled history, Mt. Gox still holds a substantial amount of digital assets.

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