After a decade of waiting, Mt. Gox creditors are finally seeing a glimmer of hope. The defunct exchange has unveiled a revised repayment schedule, promising to return Bitcoin (BTC), Bitcoin Cash (BCH), and fiat currency by October 2024.

Early Signs of Repayment

Eagle-eyed creditors have spotted updates to their claims accounts, hinting at the impending distribution. Screenshots reveal tables detailing repayment status, completed amounts, and outstanding balances. Some lucky individuals have even reported receiving fiat deposits in their bank accounts.

The Mt. Gox Vault

Meanwhile, the Mt. Gox vault appears well-stocked. According to a bot tracking the exchange's wallet address, over 137,890 BTC remains untouched since 2018. This sizeable reserve fuels optimism about the repayment plan's feasibility.

Mixed Emotions Among Creditors

The news has predictably stirred mixed reactions. While some remain skeptical, others speculate that repayments might even begin sooner than anticipated. This cautious optimism stems from early payouts and the potential for a quicker distribution process.

A Long Road to Recovery

It's important to remember that this news comes after a painfully long wait. Mt. Gox creditors received initial whispers of repayment in December 2023, with some even experiencing double payments in their bank accounts.

The Mt. Gox Shadow Over Bitcoin

Mt. Gox's crash in 2014, resulting in the loss of 850,000 BTC, cast a long shadow over the cryptocurrency market. The upcoming repayment plan raises concerns about potential selling pressure in October. With creditors eager to recoup their losses after nearly a decade, some experts predict a potential dip in the Bitcoin price as these assets are liquidated.

The Future of Mt. Gox and Bitcoin

While the repayment plan signifies a major step towards closure for Mt. Gox, its impact on the Bitcoin market remains uncertain. Only time will tell if Mt. Gox's resurrection will trigger a Bitcoin bonanza or unleash a wave of bear market blues.