Mt. Gox Has Not Yet Started Refunds

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The trustee of Mt. Gox, Nobuyaki Kobayashi, has not started distributing funds as part of the civil rehabilitation process, according to one of the creditors of the company.

He has said:

“Mt. Gox is not distributing coins – not this week, not next, not next. Source: I am a platform lender. The redemption system has not been launched yet. […] Currently, you can’t even specify where (to which exchange) you want to send your BTC and BCH.”

It was earlier rumored the company planned to distribute 140,000 BTC between the platform’s creditors, which will take place on August 28. This is probably due to Kobayashi’s July statement – then he pointed to the “end of August” as the beginning of the “restrictive period.”

Payments will reportedly be made in tranches, and no final dates have yet been announced.