• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Mt. Gox Bitcoin Refund Progress Update

user avatar

by Giorgi Kostiuk

2 years ago

Mt. Gox Bitcoin Refund Progress Update

Mt. Gox's decision to initiate refund distributions has sparked a series of events within the cryptocurrency domain. Notable Bitcoin transfers from Mt. Gox wallets to BitBank and other platforms have been identified, aligning with reports from Reddit users regarding Bitcoin (BTC) and Bitcoin Cash (BCH) allocations comparable to Mt. Gox's official data.

The recent transfer of 1,544.67 BTC (valued at approximately $84.87 million) to BitBank's hot wallet signifies a key milestone in the refund distribution journey. BitBank's prompt execution of Bitcoin refunds, as outlined in The Block Pro's report, stands out for its efficiency in promptly reimbursing users.

In response to creditor demands for expedited reimbursement, BitBank has set a new precedent by completing refunds within a short timeframe, contrasting with the conventional 14-day processing period. In contrast, other exchanges like Kraken have extended refund waiting times of up to 90 days. Noteworthy is the timeline set by Bitstamp, BitGo, and SBI VC Trade at 60, 20, and 14 days, respectively.

Former Mt. Gox CEO, Mark Karpeles, expressed contentment with the progress achieved in Bitcoin refund distribution. Through his online presence, Karpeles emphasized the relief felt by customers as they finally receive their long-awaited Bitcoin assets.

*Note: This article does not offer investment advice.

Discover More: New Bitcoin (BTC) Offer from Mt.Gox Creditors Waiting for 10 Years!

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SpoonOS Web3 Skill Marketplace Revolutionizes AI Development

chest

SpoonOS has launched a Web3 Skill Marketplace for modular AI agent development on the Neo blockchain.

user avatarJacob Williams

SpoonOS Marketplace Boosts Neo Smart Economy

chest

The launch of the SpoonOS Web3 Skill Marketplace is strategically timed to enhance the Neo smart economy by increasing demand for its native tokens, NEO and GAS.

user avatarAyman Ben Youssef

SpoonOS Skill Marketplace Introduces Modular AI Development

chest

The SpoonOS Web3 Skill Marketplace allows developers to create and share modular AI skills.

user avatarAndrew Smith

Veera Unveils New Features to Simplify DeFi Experience

chest

Veera has launched two significant features, oneclick crosschain swaps and a unified multiasset yield hub, designed to simplify the decentralized finance (DeFi) experience for users.

user avatarSon Min-ho

Senate Leaders Propose New Financing Model to Prevent Government Shutdown

chest

Senate leaders propose a new financing model to expedite budget negotiations and prevent a government shutdown.

user avatarZainab Kamara

The Supply Dynamics of Bitcoin and Gold

chest

Bitcoin's supply is capped at 21 million coins, with only about 1 million left to be mined, while gold production has increased significantly over the years.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.