Mt.Gox to pay $9 billion to creditors, which may put pressure on BTC
The defunct cryptocurrency exchange will distribute 142,000 BTC and 143,000 BCH to creditors later this year, 10 years after it collapsed in a hack.
JinseFinanceThe defunct cryptocurrency exchange will distribute 142,000 BTC and 143,000 BCH to creditors later this year, 10 years after it collapsed in a hack.
JinseFinanceTo mark the 10th anniversary of the collapse of Bitcoin exchange MtGox, Mark Hunter, author of The Ultimate Catastrophe: How MtGox Lost $5 Billion and Nearly Killed Bitcoin, addresses questions that remain unanswered a decade later.
JinseFinanceThese long-awaited reimbursements will be financed through the sale of Mt. Gox's remaining assets, including 142,000 BTC, 143,000 BCH, and 69 billion yen (about $625 million)
DavinIt is worth noting that funds have not moved from the now-defunct Mt.Gox exchange’s cold wallets since 2018.
cryptopotatoCreditors have until September 15 to make or transfer a claim.
CoindeskThe Mt Gox case had finally reached a settlement agreement back in 2021, and the BTC owed to creditors is ...
BitcoinistThe company says it’s planning to continue operations throughout the restructuring process, though withdrawals will continue to be paused at this time.
Cointelegraph