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Payments for $9 billion bitcoin settlement from Mt. Gox collapse could start in months, report says
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The plan to compensate creditors of the collapsed crypto exchange Mt. Gox has been approved, and payments of about $9 billion are set to go out soon.
While it's still unclear if payouts will be in cryptocurrency or fiat currency, some industry watchers see creditors getting bitcoin in a matter of months.
«Those affected will receive a large sum of bitcoin, likely happening in Q1 or Q2 of 2022,» Matthew Dibbs, chief operating officer of crypto firm Stack Funds, told Reuters.
The settlement plan, which had been filed in Tokyo District Court in February, is now «final and binding,» according to an announcement earlier this week from Mt. Gox trustee Nobuaki Kobayashi.
With the plan's finalization, the process to compensate those involved in
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