Mt. Gox, the cryptocurrency exchange that lost 850,000 Bitcoin in 2024, will start repaying its defunct users. The rehabilitation trustee has announced that repayments will be processed in Bitcoin and Bitcoin Cash starting July 2024, according to a written note by the exchange issued on June 24.

Repayments to Start Soon

According to a statement, the rehabilitation trustee will begin the repayment process in due course. The trustee has completed the exchange and confirmation of the required information with certain cryptocurrency exchanges. The repayments will be made through these exchanges.

The trustee has requested users to remain patient. The order of the payments will depend on the respective cryptocurrency exchange.

"We will commence the repayments in the order of the cryptocurrency exchanges with which the Rehabilitation Trustee will complete the exchange and confirmation of the required information. Please wait for a while until the repayments are made," the trustee stated.

This announcement comes after a long period of anticipation from the users who lost their funds. The rehabilitation process has been ongoing for several years. The trustee's latest statement suggests that the process is moving forward.