Mt. Gox Creditors Get Crypto Repayments After Decade of Waiting

July 24, 2024, 5:40 PM UTC

Mt. Gox creditors are receiving a portion of the roughly $8 billion worth of cryptocurrency they’ve been owed since a hack drove the Tokyo-based exchange into bankruptcy a decade ago.

Kraken has distributed Bitcoin and Bitcoin Cash from the Mt. Gox estate, according to a post on the X social media platform from the San Francisco-based exchange’s chief executive. A Kraken spokesperson confirmed the distribution and declined to comment on the specific amount.

Bitstamp, another exchange that is working with the trustee Nobuaki Kobayashi, said in a statement Wednesday that it is starting to return Bitcoin, Bitcoin Cash and Ether ...

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