MtGox Begins Repayments; Will Crypto Market Crash More?

The post MtGox Begins Repayments; Will Crypto Market Crash More? appeared first on Coinpedia Fintech News

After more than 10 years of waiting, the Mt.Gox cryptocurrency exchange users, who filed for bankruptcy protection and initiated a liquidation process in 2014, have officially begun receiving repayment. According to the announcement on Friday, July 5, 2024, the rehabilitation trustee paid some creditors in Bitcoin (BTC) and Bitcoin Cash (BCH). 

The defunct crypto exchange announced that the rest of its users need to fulfill all the set conditions to receive their repayments in different exchanges.