Mt. Gox Trustee to Begin Repaying Creditors Before Year End, Process to Continue Until 2024

The trustee responsible for rehabilitating the now-defunct crypto exchange Mt. Gox has announced that payments to creditors will begin before the end of the year. However, due to the large number of creditors and varying types of repayments, some may have to wait until 2024 to receive their payments. Individual creditors will not receive advance notice of their payment schedule, but they can check their repayment status on the MTGOX online rehabilitation claim filing system. Mt. Gox was hacked in 2011, resulting in the theft of 850,000 BTC worth approximately $500 million at the time.