A Date For The Mt. Gox Repayment Is Set, How Will This Affect Bitcoin?

The Mt. Gox Bitcoin payments have been long anticipated. The process has lasted several years, and finally, in 2021, there is now recourse in sight for all who were affected. Attorney-at-law Nobuaki Kobayashi has been appointed as the Rehabilitation Trustee and will be in charge of the repayment process. This is expected to happen over a number of months, and a concrete date has now been set for when repayments may commence. Save The September Date Since the announcement of the Mt. Gox bitcoin repayment plan back in July 2021, affected users have been waiting for when the repayment would commence. So far, claims for the funds are being processed, and there are around 140,000 BTC that are expected to be repaid in their entirety. Related Reading: IOG Says Cardano Vasil Hard Fork Is Almost Here, But What Is ADA Doing? The most recent announcement regarding the repayment has come with a definite date for when it will finally begin. The start date was set for September 15, 2022, to be started at Japanese time. If that date looks familiar, a little reminder here is that this is the same date that was set for the completion of the Ethereum Merge. Given the start date, the repayment is expected to end before the year runs out. More importantly, the notice states that the Repayment Trustee Nobuaki Kobayashi would stop receiving claim requests on this date to enable the attorney to focus on the repayment in its entirety. “To ensure safe...