• 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

Crypto Equities Decline While Revenues Surge

chest

Crypto-focused equities dropped by 20% in Q4 2025, yet their revenues grew three times faster than other sectors.

user avatarMaya Lundqvist

Project Hangang Advances with AI Digital Currency Payment Test

chest

The Bank of Korea's Project Hangang has made significant progress with the recent test of an AI-powered digital currency payment system, focusing on the retail payment layer for public adoption of a potential central bank digital currency.

user avatarLeo van der Veen

SENT Token Launches on Bybit with Initial Trading Pairs

chest

SENT will be available for trading against USDT on Bybit, starting today at 1200 pm UTC.

user avatarLi Weicheng

XRP Encounters Significant Technical Alert.

chest

XRP is at a fragile point on the monthly chart, with a potential significant drop if it breaks below $0.188.

user avatarAisha Farooq

Strategy Inc Surpasses 700,000 BTC Milestone

chest

Strategy Inc has acquired an additional 22,305 BTC, bringing its total holdings to 709,715 BTC.

user avatarTenzin Dorje

WLFI Governance Decisions Under Scrutiny

chest

Recent governance decisions within the WLFI community have sparked criticism due to the influence of insider-heavy wallets on voting outcomes related to a USD1 growth proposal.

user avatarMohamed Farouk

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.