Today news
About the same in other media
Payments for $9 billion bitcoin settlement from Mt. Gox collapse could start in months, report says
Reading now: 953
Getty
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
Read more on markets.businessinsider.comAbout this in other media
Bitcoin tumbles nearly 8% as new coronavirus variant shakes markets business-standard.com /3 years ago
Explained: Why IMF does not support El Salvador’s use of Bitcoin as legal tender cnbctv18.com /3 years ago
Explained: All about El Salvador's volcano-powered bitcoin bond economictimes.indiatimes.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
