Mt. Gox, the once-prominent crypto exchange that collapsed, has started repaying its debts in Bitcoin and Bitcoin Cash to its creditors.
Repayments are being made to certain rehabilitation creditors through selected crypto exchanges as outlined in the exchange’s rehabilitation plan.
According to a post by the MtGoxBalanceBot account, the total Bitcoin balance on all known addresses of the Mt. Gox Trustee is 94,457 BTC. Of this, 47,288 BTC has been moved from these addresses since the repayment process began.
This marks a significant step in addressing the long-standing financial issues resulting from the exchange’s collapse, providing some relief to the affected creditors.
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