Mt Gox creditors may have to wait for up to three months to receive their bitcoin | Headlines | News | CoinMarketCap
07/05/2024 16:38
Mt Gox creditors may need to wait up to three months to receive their bitcoin or bitcoin cash repayments depending on which crypto exchanges they …
The Block Crypto News19 minutes ago
Foresight
Cryptocurrency
Block
Published on July 05, 2024 09:18 GMT+00:00edited on July 05, 2024 09:19 GMT+00:00
Mt Gox creditors may need to wait up to three months to receive their bitcoin or bitcoin cash repayments depending on which crypto exchanges they made the claims with, according to a trustee document.
The trustee of the defunct crypto exchange announced today that it has started to make repayments to a part of the designated crypto exchanges based on the rehabilitation plan.
The trustee has previously detailed that the timeline for payouts to become visible in creditors' accounts may vary depending on the exchanges. Kraken is given 90 days to process payouts, while Bitstamp may take up to 60 days. BitGo will have payouts visible within 20 days. SBI VC Trade and Bitbank will both complete payouts within 14 days.
“Each Designated Cryptocurrency Exchange, etc. is obligated to add the …