Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash

Mt. Gox announced its repayment plan in June 2024, with repayments starting in early July. The defunct crypto exchange, which lost an estimated 740,000 bitcoin in a 2014 hack, will distribute assets to its customers, potentially involving over $8.5 billion in Bitcoin.

Mt. Gox handled over 70% of all Bitcoin transactions in its early years, making it the world's top crypto exchange at the time. The exchange went bankrupt after a hack in 2014, resulting in the loss of an estimated 740,000 bitcoin.