Mt. Gox Moves $1 Billion in Bitcoin: Are Creditors Due for Reimbursement Soon?
In a series of significant moves, the infamous Mt. Gox has transferred over $1 billion in Bitcoin, raising questions about potential reimbursements for creditors. The bankrupt cryptocurrency exchange executed a significant transaction on March 25, sending 11,501 Bitcoin, valued around $1 billion. This transfer is part of an ongoing creditor repayment process expected to continue until October 2025. Just a few weeks ago, additional transactions occurred, with 893 Bitcoin sent to a cold wallet and 10,608 Bitcoin headed to another wallet associated with Mt. Gox. Given the momentum in transfers, speculation is mounting among creditors about when they might finally see their funds returned. As developments unfold, the fate of these long-pending payments remains a crucial topic among cryptocurrency investors.