The early lump sum payment they picked is set to be paid out in September. The option to wait until all Mt. Gox litigations settle could net higher payouts but may take another five to nine years, sources said.
Since 2017, September has generally been the worst month for bitcoin (BTC). CoinDesk’s Markets Managing Editor Brad Keoun discusses his BTC outlook as the cryptocurrency hovers below $20,000. Plus, CoinDesk’s Tech Managing Editor Christie Harkin on defunct crypto exchange Mt. Gox setting a credit repayment date in “due course.”
The distribution of funds to former customers of defunct crypto exchange Mt. Gox will begin on a repayment date to be set in “due course.” Two Georgia-based bitcoin mining facilities used by Compass Mining are closing amid soaring local power costs.