Mt. Gox to start creditor repayments next month, asks users to ‘wait a while’
Bankrupt crypto exchange Mt. Gox says its rehabilitation trustee will start processing repayment s in bitcoin (BTC) and bitcoin cash (BCH) next month . This is according to a note issued by the exchange on Monday. In the note, Mt. Gox asks users to “wait for a while until the repayments are made” and says it has “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.” Mt. Gox collapsed in February 2014 losing 850,000 bitcoins and affecting around 240,000 users . In an official statement last month, it stated that it was preparing to repay a portion of cryptocurrency rehabilitation claims either through the sale or direct transfer of crypto, whichever the creditor chooses. Mt. Gox hasn’t sold any of its 140,000 bitcoin but it’s planning to Read more: Mt. Gox repays some creditors, emails o...