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Mt. Gox Creditors Finally Receiving Compensation after Decade-Long Wait
After a decade of uncertainty and numerous delays, creditors of the now-defunct crypto exchange Mt. Gox are finally starting to receive compensation for their blocked Bitcoin deposits. The process, initiated by the trustee overseeing Mt. Gox’s estate has kicked off with repayments sent in Japanese Yen through PayPal, as reported by users on various social media platforms.
Delayed Compensation to Mt. Gox Creditors
Reports from the Reddit page r/mtgoxinsolvency and other platforms indicate that users have begun to confirm receiving payments. A Reddit user, Free-end254, shared a screenshot of the PayPal receipt confirming the payment, with the email stating that repayments would continue into 2024 due to the large number of rehabilitation creditors and the complexity of the repayment process.
The first payment confirmation emerged on December 21, with a user claiming to have received funds via bank trans
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