News
Knowledge
Market
ANALYSIS
Coinstrategists
Recently, many cryptocurrency users received Bitcoin from Mt. Gox via Kraken, marking important progress in returning assets to victims of the Mt. Gox, one of the biggest crashes in Bitcoin history.
On July 16, Kraken announced that it had received BTC and BCH from Mt. Gox and will begin the process of distributing these funds to creditors of Mt. Gox.
Although Kraken announced that it would distribute the BTC and BCH as soon as possible, they warned that the process could take 7 to 14 days for the funds to be credited to creditors’ accounts. The specific amount of money received by creditors will be determined by Mt. Gox regulations, and Kraken will make distributions as directed by Mt. Gox.
This information is consistent with on-chain actions of Mt. Gox at that time.
According to information from Coinstrategists, on July 5, the world’s previously leading cryptocurrency exchange, Mt. Gox, has officially launched the process of refunding customers. This is welcome news after nearly ten years of waiting for many users who lost their cryptocurrencies.
Announcement from Mt. Gox was also consistent with their on-chain activities at the time.
On Reddit, several users reported that their Bitbank accounts received BTC/BCH from Mt. Gox, and the amount they received completely matched the amount previously announced.
