Mt. Gox, a defunct bitcoin exchange that collapsed in 2014, announced that they will be offering repayments to creditors in cash this year. The repayment process is expected to continue into 2024 due to the large number of rehabilitation creditors. Creditors will be able to check the repayment status in the claim filing system launched by the Rehabilitation Trustee. The late move marks the first step in repayments for all as the deadline for rehabilitation creditor repayment was extended from October 2023 to October 2024. The Tokyo based bitcoin exchange was one of the major ones in the world before its collapse in 2014 due to its inability to secure over 800,000 bitcoins.



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