Mt. Gox Payout in Cash Announced for Creditors in 2023

In a major development for creditors of the defunct bitcoin exchange, Mt. Gox, the rehabilitation trustee, Nobuaki Kobayashi, has confirmed plans to initiate cash repayments within the 2023 calendar year. This Mt Gox payout program was communicated through emails to creditors, falls under the platform’s ongoing recovery efforts since its collapse in 2014.

On November 21, Kobayashi began sending emails to rehabilitation creditors, announcing the commencement of repayments. The trustee outlined his plans to start the initial repayments to creditors in cash in 2023, with a potential extension to 2024. However, specific timing details for individual repayments were not provided. The email…

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