Founded in 2010 and once handling more than 70% of the world’s Bitcoin transactions, the Mt. Gox exchange is starting payments 10 years after its closure in 2014. In a statement made by the exchange’s board of trustees, it was stated that Bitcoin and Bitcoin Cash payments will start in July.

“Preparations have been made”

In the statement made by the delegation, it was noted that the preparations for Bitcoin and Bitcoin Cash payments have been completed and deposits will be made to the cryptocurrency exchanges in cooperation:

“The repayments will be made from the beginning of July 2024. We have taken time to ensure safe and reliable repayment to creditors, including technical remedies for safe repayments, compliance with financial regulations in each country, and discussion of repayment arrangements with the cryptocurrency exchanges. We will commence the repayments in the order of the cryptocurrency exchanges with which the Rehabilitation Trustee will complete the exchange and confirmation of the required information. Please wait for a while until the repayments are made.”

Mt. Gox exchange holds more than 140 thousand Bitcoins and close to this number of Bitcoin Cash. More than 850 thousand Bitcoins were stolen from the exchange in 2014. Later, 200 thousand BTCs were found, and with the serious appreciation of the Bitcoin price over time, a situation was created in which certain amounts could be paid to the victims.