Mt. Gox creditors may start seeing their first bitcoin payments this month as the window for repayments is set to open.
Creditors are expected to receive early repayments from March 10 onward, while the deadline for such payments to be completed is September 30, according to a January statement. This is for the first tranche of repayments — including early lump sum payments and intermediate payments — with further amounts set to come later.
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.
All Comments