Bitstamp Next: Final Batch of Mt. Gox Payouts To Commence—Here’s When

Following Kraken exchange’s recent distribution, Mt. Gox creditors have now been slated to receive the final batch of their long-awaited funds.

The Payout Process Continues

Bitstamp, a platform that ranks among the oldest in the cryptocurrency exchange sphere, disclosed that it would soon initiate the disbursing of digital assets to creditors of the defunct Mt. Gox exchange.

Bitstamp has pledged to distribute the funds responsibly, focusing on security and orderliness. In a notice on social media, the exchange stressed its commitment to carefully screening all transfers for security implications. The post noted:

We’re pleased to announce that we’ve received the Mt. Gox assets. We’re working diligently to distribute them to our Bitstamp customers who are Mt. Gox creditors. Please allow up to one week for security checks. We’ll inform you when the transfer is finalized. Thank you for your patience and trust.

Update On The Recent Distribution

1/ @krakenfx has successfully distributed #Bitcoin and Bitcoin Cash from the @mtgox estate back to creditors.

It’s been nearly a decade since Kraken was selected by the Trustee to facilitate the investigation and return of client funds. It was our privilege and it was our duty. pic.twitter.com/ptKexzN4gm

— Dave Ripley (@DavidLRipley) July 23, 2024

Mt. Gox creditors received Bitcoin 4 hours ago. There has been no significant spike in hourly spot trading volume dominance or BTC outflows on Kraken since then.

Ju mentioned that this seems like a “positive sign,” although he noted, “We need to wait for the Asian time zone.”

Featured image created with DALL-E, Chart from TradingView