Mt. Gox is planning to begin repaying creditors in cash in 2023 and may continue into 2024.
Nobuaki Kobayashi, the trustee of the exchange, said in an email that due to the large number of creditors, the specific repayment time has not yet been determined, so it is impossible to notify each creditor of the specific repayment time in advance. Creditors can check the reimbursement status in their claims file system.
Founded in 2010, Mt. Gox became the world's largest Bitcoin trading platform by 2013, but stopped all withdrawals in early 2014 and filed for bankruptcy protection after losing more than 800,000 Bitcoins. (TheBlock)