Mt. Gox creditors have been struggling for a long time to get their Bitcoins.
Creditors may receive their Bitcoins this month, according to a document the company previously announced. The company had previously announced that early refunds would begin on March 10.
Mt. Gox May Start Early Repayments This Month
Mt. Gox creditors can receive their first payment later this month for their repayment. According to the company’s statement in January, the refunds will start as of March 10. The payment process is expected to take until the end of September.
The company will give its creditors a mix of crypto and cash. According to a statement released by the company in January, creditors are expected to receive early repayments starting March 10, while the deadline for completing such payments is September 30.
This will cover the first tranche of repayments, including early lump sums and interim payments, and the remainder will be paid out later.
Blockstream CEO Adam Back is also a Mt. Gox creditor. Back said on the subject:
“It has been many years longer than anyone expected, and as such, I am confident that I would welcome any payment finally made by any creditor.”
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