Mt. Gox creditors reveal payment update on claims system

Several Mt. Gox platform creditors immediately reported an update to their claims account.

According to the subreddit about Mt. Gox, the manager has added specific repayment amounts and completion dates to its claims accounts.

Those expecting repayment reported that claims accounts have been updated with information about Bitcoin (BTC), Bitcoin Cash (BCH), and fiat payouts, with many speculating that cryptocurrency payouts will begin soon.

Published screenshots indicate that the repayment status in the fiat currency return request section is marked as completed. Several users said that fiat currency payments were received in their bank accounts.

One user noted that the fiat transfer arrived in their bank account more than a month after the fiat payment portion of the table was updated. The table was updated first on March 15, then on April 8, then on April 18, when the BTC lines appeared.

Mt. Gox is expected to pay its creditors 142,000 BTC and 143,000 BCH in addition to 69 billion Japanese yen, the equivalent of $510 million, by October 2024.

Mt. Gox clients have waited a decade to get their money back. The civil rehabilitation process started in June 2018, and in 2021, a Tokyo court approved the exchange’s proposed plan.

The trustee submitted a proposal for reimbursement in December 2020. Details of the plan were revealed in January 2021, and in February, the court approved it for a subsequent vote.