A Guilty Verdict, Impatient Creditors and a Resurrecting Movement: Mt. Gox Saga Continues

It is one of the biggest cryptocurrency hacks of all time and still remains the biggest Bitcoin (BTC) hack the world has ever seen. The 2011, a security breach on Mt. Gox’s platform, the now-defunct Japanese cryptocurrency exchange, saw 850,000 Bitcoin stolen. Although 200,000 BTC have since been recovered, the subsequent closure of the exchange in 2014 left 24,000 creditors in its wake.

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Mt Gox Creditors Prepare Revised Claims for Bitcoin Repayments Plan


In 2014, Mt Gox exchange handled an estimated 70% of the total Bitcoin supply until a security breach led to the loss and/or theft of approximately 850,000 BTC, worth $450 million at the time and billions today.

The exchange filed for bankruptcy, leaving creditors in the lurch ever since,

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