Global #repayment

On July 31, 2024, Nobuaki Kobayashi, the Rehabilitation Trustee for the defunct Mt. Gox exchange, announced a significant milestone: the completion of repayments to a substantial portion of the creditors. The exchange has successfully returned Bitcoin and Bitcoin Cash to over 17,000 creditors, with the process facilitated through exchanges such as Kraken and Bitstamp.

Mt. Gox, the once-dominant cryptocurrency exchange that infamously collapsed in 2014, has shown signs of life after years of dormancy.

FTX has revealed a fresh repayment proposal as part of its ongoing bankruptcy proceedings, aiming to fully settle debts owed to creditors.

FTX has filed an unexpected reorganization plan, indicating that almost all account holders will receive full repayment for their claims, potentially even with additional cash.