• 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

Ethereum Solidifies Its Position as Wall Street's Backbone

chest

Ethereum solidifies its position as a key asset for institutional investors with bullish price targets for 2026.

user avatarJacob Williams

NCC's New Framework Supports Innovation in Telecommunications

chest

The NCC has unveiled a new licensing framework to support innovation and testing for new telecommunications operators.

user avatarZainab Kamara

NCC Introduces N250,000 Fee for New Telcos' Interim Service Authorisation

chest

The Nigerian Communications Commission (NCC) has announced that applicants for the Interim Service Authorisation (ISA) will need to pay an administrative fee of N250,000 as part of a new framework aimed at fostering innovation in the telecommunications sector.

user avatarAndrew Smith

Ethereum Price Remains Below Key Resistance Level

chest

Ethereum continues to trade below the 3,310 resistance level, indicating a corrective structure in its price movement.

user avatarSon Min-ho

SharpLink Gaming Reports Significant Unrealized Loss in Ethereum Reserves

chest

SharpLink Gaming reportedly faces an unrealized loss of $197 million in its Ethereum reserves due to declining market prices.

user avatarAyman Ben Youssef

Mutuum Finance Offers High-Yield Investment Opportunities

chest

Mutuum Finance offers high-yield investment opportunities through mtTokens, allowing investors to earn passive income with an annual yield of 12%.

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.