The largest hacked cryptocurrency exchange is ready to return 0.676% of all bitcoins in the world to investors

The victims of the cryptocurrency exchange Mt. Gox is one step closer to receiving long-awaited payments. Creditors have started publishing screenshots of Mt. Gox letters.

Representatives of the collapsed trading platform confirm the accounts of users who are to receive compensation. One of the creditors shared the letter on the social platform Reddit. It states that the user has been successfully identified and personal data has been confirmed.

In response to the post, many creditors noted that they had received similar letters. Most of the confirmations came from the Bitsamp crypto exchange. Several users also received a letter from Kraken.

Opinions on the compensation procedure are divided. Some believe that the letters indicate progress in the refund case. Others, on the contrary, believe that the process is being delayed.

A creditor under the nickname @mindaoyang wrote to X that he expects the compensation to be distributed within the next two months. He noted that Mt. Gox will unlock about 200,000 BTC. Refunds to users can have a significant impact on the rate BTC $97,706.79 Bitcoin -1.69% Market capitalization $1.93 trillion VOL. 24 hours $2.58 billion At the time of the crypto exchange’s collapse in 2014, bitcoin was trading at $ 320. According to CoinGecko, the price of BTC is currently $ 40,109.

According to the plan of Mt. Gox asset manager Nobuyaki Kobayashi, creditors can receive an early lump sum payment of 90% of the desired amount. Another option is to wait for the end of the bankruptcy process with the hope of receiving a full refund.

Mt. Gox was one of the world’s largest cryptocurrency exchanges, operating from 2010 until it declared bankruptcy in 2014 after a series of hacks. At its peak, Mt. Gox accounted for about 70% of total bitcoin trading volume. In the 2014 hack, 850,000 bitcoins were stolen from Mt. Gox, 850,000 BTC were stolen.