Payment of 141,000 BTC to former Mt Gox customers set for January 2023

The distribution of funds to former users of the defunct crypto exchange Mt. Gox is set to begin in 2023 after the appointed debtor shared the final modalities for the repayment. Indeed, the customers are set to receive about $1.7 billion in cash, 141,000 Bitcoins (BTC), and another 142,000 Bitcoin Cash (BCH) from January next year, targeting about 10,000 customers globally. Notably, the creditors will be required to select between four main repayment options, including early lump-sum repayments, repayment for a portion of cryptocurrency rehabilitation claims digital assets, reimbursement by bank remittance, and repayment by remittance through a Fund Transfer Service Provider.