Tag: Mt.Gox

Mt Gox creditor Eric Wall has dismissed ongoing rumors that the infamous crypto exchange is disbursing BTC. Wall, who functioned as CTO of crypto investment company Arcane Assets, revealed this in a recent Twitter thread. Rumors of a BTC Dump Nearly 10 years ago, Mt Gox crumbled following a hack that saw it lose 850,000 Bitcoins. The team later announced that they had shut down the platform’s services and filed for bankruptcy. However, not long after several angry clients kicked…

Creditors of Mt Gox, a former Japanese Bitcoin exchange, have finally agreed to a rehabilitation plan after seven months of voting. For those who don't know, hackers reportedly attacked Mt Gox in 2014, and stole thousands of its customers' Bitcoin reserves. Now, the project will return a fraction of those bitcoins to its customers, which still amounts to over $9 billion. Rehabilitation On The Way As indicated in a report released earlier today, over 99% of creditors approved the rehabilitation…

Creditors of the infamous Mt.Gox crypto exchange may soon have something to smile about. This follows an invitation for them to vote on a Draft Rehabilitation Plan for the defunct exchange.  In a May 31st notice to the exchange's victims, Mt.Gox's Rehabilitation Trustee Nobuaki Kobayashi announced the start of the voting process that could see them recoup part of their funds. The move follows a February 22 Tokyo District Court order okaying the process.  Earlier, Mr. Kobayashi had sought the…