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Bitcoin:
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BTC Dominance:
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Market Cap:
$3.07 T

Mt.Gox Creditors Demand Immediate Bitcoin (BTC) Transfer from BitBank

Mt.gox Creditors

Mt.Gox creditors are demanding that BitBank transfer their Bitcoin (BTC) to their accounts immediately, without waiting for the 14-day period.

As previously reported, Mt.Gox officially announced that it had begun repayments. On-chain data also shows that Mt.Gox wallets have sent large amounts of Bitcoin to BitBank and other wallets, and according to Reddit, many users have confirmed that BitBank has received Bitcoin (BTC) and Bitcoin Cash (BCH).

Users reported that the amount of BTC and BCH received by BitBank is exactly the same as the amount shown in the Mt. Gox table.

According to the data, Mt. Gox today transferred 1,544.67 BTC (approximately $84.87 million) to the hot wallet of the Japanese exchange Bitbank.

Users Want to Receive Their Bitcoin as Soon as Possible!

BitBank acted quickly on repayments and, according to The Block Pro’s share, transferred Mt. Gox Bitcoin repayments to users’ accounts within hours.

Citing creditor statements, The Block Pro reported that creditors want Bitbank to transfer Bitcoin repayments to their accounts in just a few hours, faster than the maximum 14-day period allotted to them.

The trustee stated that intermediary exchanges have different time frames for processing and completing payments, with Kraken having a deadline of up to 90 days.

Accordingly, Bitstamp has up to 60 days, BitGo has 20 days to process repayments, and SBI VC Trade and Bitbank have up to 14 days.

While creditors are eager to receive their BTC as soon as possible, there has also been a statement from former Mt. Gox CEO Mark Karpeles regarding the repayments.

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In a post on X account, the former CEO stated that customers are finally starting to receive their Bitcoin and celebrated the progress made over the past decade.

“It’s been a long journey and I’m happy to see we’re finally there,” Karpeles said.

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