DigitalX Limited (ASX:DCC) Announces Mt Gox Recovery Update
Settlement Overview
DigitalX Limited (ASX:DCC) reported the settlement of disputes with former director and CEO Alex Karis through court-ordered mediation. This resolution positions the company to receive assets related to the Mt Gox recovery process.
Expected Asset Distribution
The company anticipates receiving a distribution of 40 Bitcoin, 52.48355276 Bitcoin Cash, and 18,152,805 Japanese Yen. This expected recovery is based on information from the Mt Gox Administrators.
Future Distribution Timeline
Although the timing for asset distribution remains uncertain, DigitalX expects to receive these assets sometime in 2025, potentially within a span of four to eight months from this announcement. The final value of the assets will be determined once they are received, and the company will provide market updates accordingly.
Executive Comments
Greg Dooley, Interim Chief Executive Officer of DigitalX Limited, emphasised the importance of this settlement and the forthcoming distribution, stating, “We look forward to enhancing our asset portfolio through this recovery.”
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