Bitcoin and fiat repayment timetable receives update from Mt. Gox trustee

Users of the hacked cryptocurrency exchange Mt. Gox have received encouraging news about the compensation for their stolen funds, as the Mt. Gox trustee has provided an update on repayment details.
Several Mt. Gox creditors have reported that their claims accounts have been updated with information regarding Bitcoin (BTC), Bitcoin Cash (BCH), and fiat currency repayments, leading many to believe that cryptocurrency repayments are imminent.
The first reports of these updates emerged on the Mt. Gox insolvency subreddit in mid-April, with users sharing that the repayment data table on their accounts now includes the amounts to be paid.
A screenshot shared by one creditor reveals that the Mt. Gox claims accounts now display a table featuring repayment status and other entries, such as the amount of completed repayment and the amount of outstanding repayment.
According to various posts on the Mt. Gox insolvency hub on Reddit, some creditors have already received fiat currency in their bank accounts. One Mt. Gox creditor wrote on April 22 that they had received money in USD, which was deposited into an HSBC currency account with no fees. The payment arrived more than a month after the first table update appeared on the claims account. The Redditor further explained that the table had been updated on March 15, April 8, and April 18 when BTC lines were added.
A Mt. Gox creditor informed Cointelegraph that the recent addition of Bitcoin to the accounts in the Mt. Gox rehabilitation claims system is a significant development, indicating that the distribution of crypto or fiat currency is imminent. This creditor compared the situation to last December when Japanese claimants received notifications on their page and saw fiat currency in their accounts within two weeks via PayPal and private banks. The creditor expressed hope that the cryptocurrency remittance process would be as smooth as the previous fiat one.
Established in 2010, Mt. Gox was once the largest Bitcoin exchange globally, accounting for approximately 70% of all BTC transactions before its collapse. In 2014, the platform suffered a security breach resulting in the loss of 850,000 BTC.
Mt. Gox is expected to repay its creditors 142,000 Bitcoin and 143,000 Bitcoin Cash, as well as 69 billion Japanese yen ($510 million) by October 2024.
The recent updates to the repayment data table followed the completion of identity verification for Mt. Gox creditors and their associated crypto exchange accounts, which will be used for repaying Bitcoin and Bitcoin Cash in January 2024. Some of the platforms that are available for this purpose include Bitstamp, Kraken, Bitbank, BitGo, and SBI VC Trade.