Mt. Gox, the defunct cryptocurrency exchange, has commenced the repayment of debts to creditors using Bitcoin (CRYPTO:BTC) and Bitcoin Cash (CRYPTO:BCH).

This marks a significant step under its rehabilitation plan, facilitated through designated crypto exchanges.

The total balance held in Mt. Gox Trustee addresses stands at 94,457 BTC, with ongoing movements of funds.

Repayments are contingent upon conditions such as account validation and creditor acceptance of the Agency Receipt Agreement via specified exchanges.

Mt. Gox, once a major player in the crypto space, collapsed in 2014 due to a security breach, leading to bankruptcy and subsequent legal processes.

Now, efforts are underway to fulfill repayment obligations securely and promptly, signaling progress in the long-standing Mt. Gox case.