2024-08-15
As of August 13, 2024, Mt. Gox has
successfully completed 67.7% repayment to creditors, marking a significant repayment
progress in the aftermath of one of the largest cryptocurrency exchange
collapses in history.
According to Arkham Intelligence, a wallet
linked to Mt. Gox transferred 33,105 BTC to Bitgo 2 days ago, valued at
approximately $2.19 billion at the time. Before it was now reduced to $1.97
billion due to the price correction.
The ongoing repayment process has seen
approximately $3.2 billion worth of Bitcoin distributed to creditors.
In total, Mt. Gox plans to repay
140,000 BTC to those affected by the exchange's collapse in 2014.
The repayments are being processed
through designated cryptocurrency exchanges, including Kraken, Bitstamp, and
Bitgo. These platforms are facilitating the distribution to ensure that
creditors receive their funds securely and efficiently.
