(Date: Tuesday 16 July 2024, 11:06 AM GMT):
In the cryptocurrency market today, we have an important update regarding Mt. Gox repayments.
Kraken announced that it has successfully received the creditor funds (BTC and BCH) from the Mt. Gox trustee. The platform is working to distribute these funds as soon as possible, with deposits expected to hit the corresponding accounts within 7-14 days. The amount each user will receive has been determined by the trustee, and Kraken will distribute it according to their instructions.
Mt. Gox creditors have received repayment announcements email from kraken as per the sources.
Recently, we witnessed a significant sell-off of bitcoins by Mt. Gox to facilitate these repayments. This move was aimed at ensuring that creditors receive their due amounts after the long wait since the exchange’s collapse.