Mt. Gox creditor might be in luck, the failed exchange says it will start paying back the people it owes money perhaps by next year, according to an announcement today from the exchange’s trustee, Nobuaki Kobayashi. Creditors seeking to be paid back in bitcoin will receive bitcoin back, which could now be worth more than it was when Mt. Gox declared bankruptcy.
What occurred is Tokyo District Court approved the start of civil rehabilitation proceedings, meaning Mt. Gox bankruptcy process that’s been underway since 2014 will be put on hold. This may mean traders are one step in getting their Bitcoins back. Those who claim Mt. Gox owes them money will have between then and October 22nd to file their requests and provide evidence to back up their claims.