After almost a decade, whispers and screenshots on Reddit suggest that repayments are finally flowing into the pockets of those who had their Bitcoin holdings trapped since 2014. 🪙
In the latest chapter of the Mt. Gox saga, the once-dominant $BTC exchange is finally making reparations to its victims.
Subreddit /mtgoxinsolvency users report receiving Japanese yen deposits in their PayPal ($PYPL) accounts, marking a significant step in the long-awaited repayment process. Some users only receive a fraction of their claims, with payments trickling in through various installments.
However, the situation took a comical turn when some creditors received double payments due to a system glitch, leading to a mix of confusion and amusement among the affected parties. 🤑
Nobuaki Kobayashi, the trustee overseeing the Mt. Gox bankruptcy estate, has requested those who received extra funds to return the unintended bonus. This request has sparked a range of reactions on Reddit, from compliant returns to sarcastic suggestions of imposing a decade-long KYC process on the Mt. Gox Trust, mirroring the lengthy wait creditors endured.
The saga began with the loss of over 740,000 Bitcoins and has evolved into a complex legal battle spanning nearly a decade and is finally showing signs of coming to an end.
The trustee pushed the repayment deadline from October 2023 to 2024. 🗓️