While the victims were waiting for refunds on the Mt.Gox exchange, which was hacked in 2014, a new development took place. In the e-mails sent to some victims by the Mt.Gox liquidation committee, it was stated that the refunds would begin soon, that is, in 2023, and would continue in 2024.
The following statements were included in the email sent:
“The board of trustees plans to start repaying creditors in a short time. Efforts are ongoing to start repayments in cash in 2023. Since the payment types are different and require certain preparation, payments will continue in 2024. Since it is not possible to give a specific time for repayments, each “We cannot tell a user when they will receive a payment. You do not need to do anything at this time. Please wait for the refund to begin.”
The trustees are expected to distribute $462 million in cash, 142,000 BTC and 143,000 BCH to Mt.Gox victims.
The delegation had previously announced the deadline for distribution as October 31, 2023, and extended this period by 1 year to October 31, 2024 in September 2023.
What is the Mt.Gox Incident?
Japanese Cryptocurrency Exchange Mt.Gox, which requested bankruptcy after hackers stole 850 thousand Bitcoins in 2014, could not pay the money of many investors after announcing its bankruptcy.
As a result of the lawsuits that lasted for about 8 years, it was determined that there was a wallet belonging to the collapsed exchange, with 200,000 Bitcoins forgotten in it.
The liquidation commission appointed by the Tokyo District Court ordered Mt.Gox to distribute from its forgotten wallet to creditors who lost all their assets in the stock market.
With the finalization of the payment plan, the Japanese cryptocurrency exchange Mt., which went bankrupt in 2014 and caused many investors to suffer. Gox's plan to distribute 142,000 Bitcoins has reached its final stage.
Since the distribution is not all at once and spread over time, it is not expected to create a serious sales pressure in the market.