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Mt. Gox confirms multiple transactions today were intended to prepare repayments to creditors ahead of the October 31 deadline.

Mt. Gox confirms multiple transactions today were intended to prepare repayments to creditors ahead of the October 31 deadline.

CointimeCointime2024/05/28 10:19
By:Cointime

On May 28th, according to a screenshot shared on X platform by Cointelegraph, Mt. Gox confirmed that multiple transactions conducted today were in preparation for repayment before the October 31st deadline for creditors.In the letter, Mt. Gox stated: "As per the rehabilitation plan, the rehabilitation trustee is preparing to make repayments to the rehabilitation creditors in the form of cryptocurrency. This repayment method means that rehabilitation creditors can choose to (i) receive bitcoin and bitcoin cash (BCH) on behalf of the rehabilitation creditors through specified cryptocurrency exchanges, or (ii) make repayments through the proceeds from the sale of bitcoin and BCH. Recently, the rehabilitation trustee has received inquiries/deep concerns regarding the management of bitcoin and BCH. However, at present, the rehabilitation trustee has neither made repayments through the specified cryptocurrency exchanges mentioned in (i) above nor sold bitcoin and BCH to make repayments as mentioned in (ii) above. The rehabilitation trustee is currently managing bitcoin and BCH in a secure manner. Please wait for a while until repayments are made as the rehabilitation trustee is preparing for the above repayments."

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