The specific time, procedures and amounts of payments will be communicated to the former users of the site later.
The asset manager of the bankrupt crypto exchange Mt.Gox Nobuyaki Kobayashi approved the compensation distribution plan, which was adopted by the former users of the site in October. Kobayashi said that he will separately report the specific time, procedures and amounts of payments.
Mt.Gox was one of the largest crypto exchanges, accounting for 70% of Bitcoin transactions at its peak. From 2011 to 2014, the site was repeatedly subjected to hacker attacks and technical failures. At the beginning of 2014, users began to experience problems with the withdrawal of funds, as a result, the exchange froze trading and ceased its work.
Mt. Gox underwent a hacker attack, during which 850 thousand bitcoins were stolen for more than $ 450 million at the exchange rate at that time ($ 50.8 billion according to the current cryptocurrency price). The exchange was unable to recover the lost funds, so in April 2014 it filed for bankruptcy. The process is still ongoing.