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Mt. Gox Creditors Inch Closer to Repayment as Bitcoin Dump Looms

  • Japanese trustee of Mt. Gox held close to 142,000 Bitcoin
  • The trustee is restricting creditors’ moves ahead of repayment
A twenty-five bitcoin, right, and one bitcoin are arranged.

A twenty-five bitcoin, right, and one bitcoin are arranged.

Photographer: Tomohiro Ohsumi
From

Creditors of the defunct cryptocurrency exchange Mt. Gox are closer to getting repaid, according to a July 6 letter by the business’s Japanese bankruptcy trustee.

The trustee is asking creditors to register online and indicate how they want to receive their repayments. When payments will be made, and specific amounts were not outlined in the letter.