The post Mt. Gox Creditors Reportedly Receiving Long-Awaited Repayments After Nearly a Decade appeared first on Coinpedia Fintech News
Creditors of the defunct Mt. Gox Bitcoin exchange are reportedly receiving repayments, nearly a decade after it first shut down. Users on Reddit claim to have received funds, signaling progress in the long-standing case.
Mt. Gox Creditors Reclaim Funds
Reports are circulating on Reddit that creditors of the collapsed Bitcoin exchange, Mt. Gox, are finally beginning to receive repayments for their trapped Bitcoin after nearly a decade.
Many users on the Reddit page r/mtgoxinsolvency claim that Mt. Gox is sending Japanese Yen-denominated repayments to users via PayPal, marking a significant development nearly ten years after the exchange shut down on Feb. 24, 2014.
One Reddit user, Free-end254, shared a screenshot of an email containing a PayPal receipt, exclaiming, “I just got paid.” Another user initially suspected a phishing scam but later confir
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