Payments can start from March 10 but won’t necessarily all be paid out until September. Plus crypto exchanges might add further delays.
Mt. Gox early repayments will start from March 10, with a deadline to be paid out by September 30.That is, unless there’s another last-minute delay.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Mt. Gox creditors may start seeing their first bitcoin payments this month as the window for repayments is set to open.
“Well, for myself, I had pretty much written off the Bitcoin I still had on Mt. Gox in 2014 as a loss, so philosophically anything I get back now is a bonus to cold store,” said Blockstream CEO Adam Back, who is a Mt. Gox creditor, via Telegram. Crypto exchanges may add further delays to this time frame. Each creditor had to register with an exchange and nominate it to receive the funds on their behalf. Exchanges have given various timelines for how quickly they will process payments, with BitGo saying they’ll take place within 20 days, while Kraken acknowledged payments may take up to 90 days to be processed.
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