The now dissolved cryptocurrency exchange Gox has commenced debt repayments in Bitcoin (BTC) and Bitcoin Cash (BCH). According to information provided by the company:
On May 5, 2024, the rehabilitation trustee began sending Bitcoin Cash to selected rehabilitation creditors through certain designated cryptocurrency exchanges, as per the rehabilitation plan.
Other creditors will receive their payments “promptly” upon meeting several conditions. These conditions include verifying the validity of accounts and obtaining creditors’ consent to participate in the agreement to receive proxies through certain cryptocurrency exchanges.
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Following the transfer of $54 billion in BTC by Mt. Gox, Bitcoin prices fell below $2.7.
Additionally, to ensure the security and reliability of repayments, discussions on the repayment process are underway between the repayment trustee and exchanges.
