Some creditors of the defunct cryptocurrency exchange Mt. Gox have reportedly received duplicate settlement payments, as shared by various users on Reddit. A Reddit user, u/rlycreativename, posted the contents of an email they claimed to have received from the Mt. Gox Rehabilitation Trustee. The email allegedly acknowledged a system error that led to double payments and legally obligated the recipients to return the extra funds.
The email reportedly stated, “due to a system issue, the transfer of money to you was inadvertently made twice,” and emphasized that recipients were not authorized to keep the second transfer. The Trustee requested an immediate refund of the duplicate payment.
Other Reddit users, such as u/lukhaz, also reported receiving similar emails or experiencing double payments. Some users, like u/CaptainValor, humorously referred to the incident as a late Christmas surprise, while u/PPvotersPostingLs claimed to have already returned the extra payment, urging leniency towards Mt. Gox Trustee Nobuaki Kobayashi.
However, not all users were as accommodating. For instance, u/JALEW expressed willingness to return the funds but only after completing a Know Your Customer (KYC) process with the Mt. Gox Trust and enduring a ten-year wait, reflecting the frustration of some creditors over the lengthy settlement process.
Cointelegraph’s attempt to reach the Mt. Gox Rehabilitation Trust for comment was unsuccessful at the time of the report.
While some users joked about not returning the duplicate payments, doing so could entail legal risks. This caution is exemplified by a 2022 incident in Melbourne, where two sisters were sent over $10 million by accident by Crypto.com. One sister was later arrested for failing to return the funds, as reported by Australian media.
The Mt. Gox hack, one of the earliest and most significant crypto exchange breaches, resulted in the loss of over 740,000 Bitcoin (BTC), valued at approximately $460 million at the time. Today, the value of the lost Bitcoin exceeds $31 billion. The exchange declared bankruptcy soon after the hack, and creditors have spent nearly a decade fighting for a settlement in court. On December 26, creditors began reporting the receipt of settlement payments via PayPal, marking a significant milestone in the long-standing saga of Mt. Gox.
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