MtGox Creditors Await New Bitcoin BTC Proposal After a Decadelong Wait

New Offer of Bitcoin (BTC) from Mt.Gox Creditors Awaiting for 10 Years!
Mt.Gox creditors are urging BitBank to swiftly transfer their Bitcoins without the standard 14-day wait period.
Author:
Elif Azra Güven
05.07.2024 – 13:19
Update:
6 seconds ago
0
As previously announced, Mt.Gox has officially commenced refund procedures.
On-chain data also indicates significant transfers of Bitcoin from Mt.Gox wallets to BitBank and other addresses. According to Reddit, numerous users confirmed the receipt of Bitcoin (BTC) and Bitcoin Cash (BCH) by BitBank, with amounts matching those specified by Mt.Gox.
Users have corroborated that the quantities of BTC and BCH received by BitBank precisely align with Mt.Gox’s reported figures.
Today, Mt.Gox transferred 1,544.67 BTC (approximately $84.87 million) to the hot wallet of the Japanese exchange Bitbank, as per available data.
Several Reddit users reported receiving BTC/BCH in their Bitbank accounts, consistent with the amounts listed in Mt.Gox’s disclosure. Today, MtGox transferred 1,544.67 BTC (roughly $84.87m) to Bitbank’s hot wallet at the Japanese exchange through…
pic.twitter.com/J9MCfYqtgi
— Wu Blockchain (@WuBlockchain)
July 5, 2024
Creditors Eager for Immediate Bitcoin Access!
BitBank expedited the refund process, promptly crediting Bitcoin refunds to user accounts, according to The Block Pro.
Quoting creditor testimonials, The Block Pro clarified that creditors urged Bitbank to expedite Bitcoin refunds within hours, well ahead of the standard 14-day waiting period.
*CREDITOR REPORTS SUGGEST BITBANK CREDITED MT GOX BITCOIN WITHIN HOURS, WITHOUT WAITING FULL 14 DAY PERIOD – THE BLOCK PRO
— The Block Pro Headlines (@theblockupdates)
July 5, 2024
While the trustee board highlighted varying processing timelines among brokerage exchanges, Kraken allows up to 90 days.
In contrast, Bitstamp requires up to 60 days, BitGo 20 days, and SBI VC Trade and Bitbank up to 14 days for refund processing.
Despite creditors’ eagerness for prompt BTC access, former Mt. Gox CEO Mark Karpeles expressed his views on the refund progress.
From his X account, the ex-CEO celebrated the decade-long journey, expressing satisfaction that customers are finally reclaiming their Bitcoins.
“It’s been a lengthy voyage, and I’m delighted we’ve reached this point,” commented Karpeles.
*This does not constitute investment advice.
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