Mt Gox creditors may have to wait for up to three months to receive their bitcoin

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The timeline for creditors to receive bitcoin or bitcoin cash repayments varies depending on their custodians.

Mt Gox creditors may need to wait up to three months to receive their bitcoin or bitcoin cash repayments depending on which crypto exchanges they made the claims with, according to a trustee document.

The trustee has previously detailed that the timeline for payouts to become visible in creditors' accounts may vary depending on the exchanges. Kraken is given 90 days to process payouts, while Bitstamp may take up to 60 days. BitGo will have payouts visible within 20 days. SBI VC Trade and Bitbank will both complete payouts within 14 days.

The trustee noted in its announcement today that repayments to eligible creditors will be “promptly made” if they meet certain conditions, including confirmation of the validity of registered accounts, acceptance of the intention to subscribe to an agreement by designated crypto exchanges, as well as completion of discussions with the trustee.


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