Public Announcement Gox Releases Official Document on Commenced Payments

The now-dissolved cryptocurrency exchange Gox has begun repaying its debts, sending out Bitcoin (BTC) and Bitcoin Cash (BCH). According to the information provided by the company: On May 5, 2024, the compensation trustee began providing Bitcoin Cash to selected rehabilitation creditors through certain designated cryptocurrency exchanges, as per the rehabilitation plan. The remaining creditors will receive their payments “immediately” after fulfilling several conditions. These conditions include verifying the validity of accounts and obtaining creditors’ consent to participate in agreements to receive representation through certain cryptocurrency exchanges. Read more: After Mt.Gox transferred $540 billion worth of BTC, the price of Bitcoin fell below $2.7. Furthermore, to ensure the security and reliability of the repayment, the repayment trustee and exchanges should discuss the repayment procedures.