The trustee of bankrupt Mt. Gox, one of the pioneer exchanges in the crypto industry, is set to begin repaying the firm’s creditors in cash. This comes nearly a decade after the exchange suffered a catastrophic hack that resulted in the loss of 850,000 Bitcoin. The repayment process will start within the 2023 calendar year and continue into next year due to the large number of creditors and other factors that could impact the process. However, the specific timing of repayment to individual creditors is still undetermined. Mt. Gox has faced prolonged delays and uncertainty regarding the return of funds, with repayment plans repeatedly postponed due to legal disputes and other reasons. The deadline for rehabilitation creditor repayments has been extended to October 31, 2024.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	1
People	None
Companies	Bitcoin, Mt. Gox
Currencies	Bitcoin
Securities	None