Bitcoin Repayment Plan
The Mt. Gox Trustee recently sent $2.25 billion in Bitcoin to BitGo addresses as part of a $9 billion creditor repayment plan. This follows previous transfers to Kraken and Bitstamp, with BitGo being the final custodian designated for handling repayments after a 10-year wait period.
BitGo Receives Funds
Upon confirmation that BitGo received the Bitcoin transfers, users noted that balances had not yet reflected the payments. Despite initial market fluctuations, Bitcoin quickly recovered and traded above $66,500. The defunct crypto exchange Mt. Gox retained over $3 billion worth of Bitcoin following transfers to various exchanges and custodians.
Creditor Reimbursements
Data suggests that Mt. Gox has settled approximately $5.5 billion in BTC repayments, leaving a remaining $3 billion to potentially be disbursed to creditors. Reports indicate that a significant number of creditors have already received their payments, although the exact number remains unverified at this time.
