Users of Mt. Gox started receiving their payments

Some customers of the failed Mt. Gox announced that it has received compensation payments. This is reported by Cointelegraph.

According to messages on social networks, they were compensated for bitcoins blocked on the exchange since February 2014.

In particular, one of the Reddit users published A screenshot of an email containing a PayPal payment receipt.

Reddit users began posting messages about receiving payments from Mt.Gox. Source: Reddit.

Another client of Mt. Gox confirmed receipt of partial compensation in the amount of 30,283 yen, which is about $200 at current exchange rates. Meanwhile, he is still awaiting payment of the remaining amount.

The first message about the start of payments from the bankrupt company appeared on X (formerly Twitter) on December 21. One user confirmed receiving a bank transfer in Japanese yen:

Mt.Goxから弁済されてました！
中間弁済だと思われます。
ちょうど10年かかりましたね。 pic.twitter.com/qDntG5Wssg

— びりある#全財産DeFi@𝐜𝐫𝐲𝐩𝐭𝐨𝐠𝐫𝐚𝐩𝐡𝐞𝐫 (@visvirial) December 21, 2023

As a reminder, the Mt. Gox shut down in 2014 after being hacked, causing damage of 850,000 BTC ($36.5 billion at the time of writing). Her clients have been waiting almost ten years for a refund.

At the end of November 2023, the firm's trustee Nobuaki Kobayashi assured clients that payments would begin before the end of 2023. He noted that payments to creditors are planned to be made in several tranches, including base repayment, early lump sum repayment and interim repayment.

The exchange is expected to distribute 142,000 BTC, 143,000 BCH and 69 billion yen to clients claiming compensation. Notably, major lenders Bitcoinica and MtGox Investment Funds (MGIF) chose to pay in Bitcoin rather than fiat currency.