Last noon, the price Bitcoin has fallen sharply past the $43,000 level. It dropped from $43,400 to $42,900 in just one hour.
It is noted that The drop in Bitcoin prices comes after Mt. Gox’s creditors revealed they had started receiving compensation from the historic crypto exchange Mt.Gox. Almost 10 years have passed since the first shutdown.
According to reports surfacing on social media, Mt.Gox’s creditors have started receiving compensation in yen for some of the Bitcoin owed on the platform since February 2014.
A Reddit post from r/mtgoxinsolvency states that Mt. Gox has refunded users in Japanese yen via PayPal for Bitcoin that had been suspended on the exchange since February 24, 2014.
“I just received the money,” Reddit user Free-end254 said, attaching a screenshot of the email with the PayPal receipt.
“I just got my money back!” another Reddit user wrote. He added that They initially believed the email was a phishing scam. before discovering that the payment had actually been credited to their PayPal account.
Japanese users of social media platform X said they received refunds from Mt. Gox via bank transfer. which was credited to their account in Japanese Yen.
I was reimbursed by Mt.Gox!
Since I chose the final payment, I believe it is an interim payment.
It took exactly 10 years. pic.twitter.com/qDntG5Wssg— Birial #all assets DeFi @𝐜𝐫𝐲𝐩𝐭𝐨𝐠𝐫𝐚𝐩𝐡𝐞𝐫 (@visvirial) December 21, 2023
Nobuaki Kobayashi, the custodian of Mt. Gox Bitcoin, has begun sending emails to creditors. About starting repayments on November 21st
Nobuaki Kobayashi’s email said the trustee plans to begin making the first cash repayments to creditors in 2023, adding: He expects to continue making repayments through 2024, but has not provided specific repayment timelines to individual creditors.
Source: Cointelegraph
2023-12-26 06:55:59
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