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Repayments to the customers of Mt. Gox are set to begin after a decade-long court process.
Tokyo-based Mt. Gox once processed more than 70% of all BTC transactions at its peak before collapsing in 2014 after the loss of 950,000 BTC. Bitcoin was worth just $600 at the time.
About 20,658 customers will receive a portion of their lost assets this month, estimated at over $9 billion worth of BTC, BCH and ETH today.
The repayment process is planned to begin with BTC and BCH repayments first, according to Mt. Gox’s rehabilitation trustee.
Kraken CEO David Ripley announced the successful redistribution of Mt. Gox BTC and BCH to creditors yesterday. A sum of 48,641 BTC was sent to an…
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