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International Business Times
International Business Times
Business
Nica Osorio

Mt. Gox Starts Paying Creditors Via PayPal After Nearly A Decade

PayPal MT Bitcoin Reddit Mt Gox Japan
Crypto Hacking - Bitcoin (Credit: Bybit/flickr.com)

KEY POINTS

  • Mt. Gox handled 70% of all global Bitcoin transactions, but it was hacked in 2014
  • Creditor repayments are scheduled to be disbursed in several portions
  • Some are worried that the repayment could affect Bitcoin's price

Mt. Gox, the Bitcoin exchange platform based in Shibuya, Tokyo, Japan that filed for bankruptcy in March 2014, reportedly started paying some of its creditors via PayPal.

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