Mt. Gox creditors may finally start seeing their bitcoins this month
Mt. Gox creditors may finally start seeing their bitcoins this month
Mt. Gox creditors may start seeing their first bitcoin payments this month as the window for repayments is set to open. Creditors are expected to receive early repayments from March 10 onward, while the deadline for such payments to be completed is September 30.
Crypto exchanges may add further delays to this time frame. Each creditor had to register with an exchange and nominate it to receive the funds on their behalf. Exchanges have given various timelines for how quickly they will process payments, with BitGo saying they’ll take place within 20 days, while Kraken acknowledged payments may take up to 90 days to be processed.Claimants are expected to receive around 21% of the civil rehabilitation claim value. This is different from the value of the claims at the time of bankruptcy.
