Creditors of Mt. Gox Receive Fiat Repayments for Trapped Bitcoin

Creditors of the now-defunct crypto exchange Mt. Gox have reported receiving fiat repayments for their trapped Bitcoin on the social media platform Reddit. According to recent posts on the Reddit page r/mtgoxinsolvency, Mt. Gox has begun sending Japanese Yen-denominated refunds to users through PayPal. While these reports are yet to be confirmed, several Reddit users have claimed to have received payments.

The repayments come as the funds had been locked on the exchange since February 2014. One Reddit user, Free-end254, shared a screenshot of an email containing a PayPal receipt, stating, “I just got paid.” Another user expressed initial skepticism, believing the email to be a phishing scam, but later confirmed that the payment had indeed arrived in their PayPal account.

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