{"id":384582,"date":"2023-12-26T11:51:10","date_gmt":"2023-12-26T11:51:10","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=384582"},"modified":"2025-10-18T13:58:43","modified_gmt":"2025-10-18T12:58:43","slug":"mt-gox-begins-repaying-creditors-but-some-report-receiving-double-payouts","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/mt-gox-begins-repaying-creditors-but-some-report-receiving-double-payouts\/","title":{"rendered":"Mt. Gox begins repaying creditors, but some report receiving double payouts"},"content":{"rendered":"

Bankrupt crypto exchange Mt. Gox<\/a> has reportedly begun repaying creditors after about a decade since it collapsed.<\/p>\n

Several creditors of the failed firm revealed that they received fiat equivalents of their assets previously locked on the now-defunct exchange.<\/p>\n

The initial payment confirmation was shared on the social media platform X (formerly Twitter) on Dec. 21, where a user reported<\/a> receiving payment through a bank transfer in Japanese yen.<\/p>\n

Since then, numerous similar posts have surfaced on X and the Reddit subchannel r\/mtgoxinsolvency, indicating that Mt. Gox has been making repayments in Japanese yen to users via PayPal.<\/p>\n

A Reddit user, Free-End2543, shared an emai<\/a>l reportedly from PayPal<\/a> containing the Mt. Gox payment receipt. Despite initial skepticism, the user confirmed the receipt of funds in their PayPal account.<\/p>\n

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However, indications on social media imply that the repayments are restricted to creditors who opted for a cash redemption, with no confirmed reports of crypto repayments presently.<\/p>\n

Kamikaz Fiat, one of the most notable names on Crypto Twitter, claimed that some Mt Gox creditors got paid twice today. He added<\/a>:<\/p>\n

“These are the first cash payments in 10 years and on day one the trustee has f*cked up and made incorrect payments.”<\/p><\/blockquote>\n

Several Mt. Gox creditors on the Reddit subchannel r\/mtgoxinsolvency also confirmed<\/a> receiving double payments.<\/p>\n

Mt. Gox\u2019s rehabilitation trustee has yet to respond to CryptoSlate's<\/em> request for comment as of press time.<\/p>\n

Last month, the exchange revealed plans<\/a> to start repaying the firm\u2019s creditors in cash during the 2023 calendar year and continue the process into next year due to the large number of creditors.<\/p>\n

Mt. Gox, once among the largest cryptocurrency exchanges, encountered significant issues following a 2011 hack before collapsing in 2014. Its collapse affected approximately 24,000 customers, resulting in losses of around 850,000 BTC<\/a>, valued at more than $31 billion based on the current price of the flagship digital asset.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bankrupt crypto exchange Mt. Gox has reportedly begun repaying creditors after about a decade since it collapsed. Several creditors of the failed firm revealed that they received fiat equivalents of their assets previously locked on the now-defunct exchange. The initial payment confirmation was shared on the social media platform X (formerly Twitter) on Dec. 21, […]<\/p>\n","protected":false},"author":720,"featured_media":307032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77901],"tags":[78429],"post_folder":[],"acf":[],"yoast_head":"\nMt. Gox begins repaying creditors, but some report receiving double payouts<\/title>\n<meta name=\"description\" content=\"Long-delayed bankrupt Mt. 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