As it is known, Mt.Gox announced that they have officially started refunds.
While on-chain data also showed that Mt.Gox wallets sent large amounts of Bitcoin to BitBank and some wallets, according to Reddit, many users said BitBank received Bitcoin (BTC) and Bitcoin Cash (BCH).
Users can confirm that the amount of BTC and BCH received by BitBank is Mt. Gox said it was exactly the same amount as shown on the chart.
According to data, Mt. Gox transferred 1,544.67 BTC (approximately $84.87 million) to Japanese exchange Bitbank’s hot wallet today.
According to the Reddit, several users said that their Bitbank received BTC/BCH, and the amount received was exactly the same as the amount shown in the Mt Gox table. Today, MtGox transferred 1,544.67 BTC (about $84.87m) to the hot wallet of the Japanese exchange Bitbank through… pic.twitter.com/J9MCfYqtgi
— Wu Blockchain (@WuBlockchain) July 5, 2024
Users Want to Get Their Bitcoins as soon as possible!
BitBank was quick to issue refunds, and according to The Block Pro’s post, Mt. Gox transferred Bitcoin refunds to its users’ accounts within hours.
Referring to creditor statements, The Block Pro explained that creditors asked Bitbank to transfer Bitcoin refunds to accounts in just a few hours, faster than the maximum 14-day period allotted to them.
*CREDITOR REPORTS SUGGEST BITBANK CREDITED MT GOX BITCOIN WITHIN HOURS, WITHOUT WAITING FULL 14 DAY PERIOD – THE BLOCK PRO
— The Block Pro Headlines (@theblockupdates) July 5, 2024
While the board of trustees noted that brokerage exchanges have different time frames for processing and completing payments, Kraken has up to 90 days.
Accordingly, Bitstamp has up to 60 days and BitGo has 20 days to process refunds; SBI VC Trade and Bitbank have up to 14 days.
While creditors want to get their BTC as soon as possible, the old Mt. Gox CEO Mark Karpeles also made a statement regarding refunds.
Sharing from his X account, the former CEO celebrated the progress made over the past decade, stating that customers are finally starting to receive their Bitcoins.
“It’s been a long journey and I’m happy to see we’re finally getting there,” Karpeles said.
*This is not investment advice.
